Penalty u/s.271(1)(c) - If the assessee has claimed the ...

Assessee's Deduction Claim u/s 43B Based on Actual Payment Deemed Bonafide, No Penalty u/s 271(1)(c) Imposed.

March 17, 2015

Case Laws Income Tax AT

Penalty u/s.271(1)(c) - If the assessee has claimed the deduction u/s 43B on the basis of actual payment, then it should be held that the assessee’s claim for deduction for the impugned assessment year is not bonafide or the assessee cannot be held liable for furnishing of inaccurate particulars. - AT

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Penalty u/s.271(1)(c) - If the assessee has claimed the ...

Assessee's Deduction Claim u/s 43B Based on Actual Payment Deemed Bonafide, No Penalty u/s 271(1)(c) Imposed.

March 17, 2015

Case Laws Income Tax AT

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