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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

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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