Penalty u/s 271(1)(c) - Estimation of income on bogus purchases ...

Income Tax

August 11, 2023

Penalty u/s 271(1)(c) - Estimation of income on bogus purchases - Once the quantitative details of purchases and the corresponding quantitative sales have not been disturbed and has been accepted, then there cannot be any case for levy of penalty on account of alleged bogus purchases. - No penalty - AT

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Penalty u/s 271(1)(c) - Estimation of income on bogus purchases ...

Income Tax

August 11, 2023

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Penalty for concealment of income Under Section 271(1) (c) - Article

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