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Income Tax - Highlights / Catch Notes

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Penalty under section 271(1)(c) - bona fide or mala fide with ...


Penalty u/s 271(1)(c) Not Applicable Without Intent to Evade Taxes; Taxpayer's Claim Rejected for Airport Expenditure.

March 23, 2015

Case Laws     Income Tax     AT

Penalty under section 271(1)(c) - bona fide or mala fide with an intention to evade taxes - not exigible to levy of penalty under section 271(1)(c) of the Act where the claim of the assessee vis-a-vis expenditure incurred on establishment of an international airport had been rejected - AT

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