Penalty u/s 271(1)(c) - credit worthiness and genuineness of the ...
Penalty Confirmed u/s 271(1)(c) for False Explanation in Gift Transaction from Family Friends.
August 25, 2014
Case Laws Income Tax HC
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
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