TMI BlogPenalty u/s 271(1)(c) - credit worthiness and genuineness of the transaction - Gifts by family friends –...Penalty u/s 271(1)(c) - credit worthiness and genuineness of the transaction - Gifts by family friends – the explanation given by the assessee is totally false - penalty confirmed - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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