Penalty u/s 271(1) C

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..... Penalty u/s 271(1) C
Query (Issue) Started By: - ishwar hegde Dated:- 17-2-2012 Last Reply Date:- 23-2-2012 Income Tax
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Income Tax
The AO has issued assessment order and 271 no .....

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..... tice on the same date. he has not specifically menchined whether it is a 'conceelment' or 'inacurate perticulars' But as per the section he has to record the reasons before the date of such search(fin .....

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..... dings) Whether Ao is justified? Ref case cit2006 -280itr 4129del) may be reffered? Reply By Vivek Harsh: The Reply: Under 271 penalty can be levied either for concealment or Inaccurate particulars o .....

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..... r both. If he has recorded his satisfaction he can levy penalty.
Discussion Forum - Knowledge Sharing .....

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