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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

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

Income Tax

March 17, 2015

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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