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2017 (3) TMI 1641 - AT - Income TaxPenalty u/s 271(1)(c) - disallowance of such bogus purchases from the purchases accounts - Held that:- From the orders of the AO, it is obvious that the officers suffer from ambiguity as to which limb of the clause-(c) of section 271(1) of the Act should be invoked. The relevant addition is undisputedly the disallowance of such bogus purchases from the purchases accounts and the same was not properly understood in the light of clause-(c) of section 271(1) of the Act. Penalty should be clear as to the limb for which it is levied and the position being unclear here the penalty is not sustainable - Decided in favour of assessee.
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