TMI BlogLevy of penalty u/s. 271(1)(c) - Addition of LTCG - Assessing Officer while recording satisfaction has...Levy of penalty u/s. 271(1)(c) - Addition of LTCG - Assessing Officer while recording satisfaction has invoked both the charges of section 271(1)(c) - ambiguity and vagueness in the mind of Assessing Officer while recording satisfaction - at the time of levy of penalty, the Assessing Officer stick to only one charge i.e. concealment of income - penalty deleted ..... X X X X Extracts X X X X X X X X Extracts X X X X
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