Penalty u/s 271(1)(c) - addition on account of undisclosed ...

Income Tax

July 1, 2015

Penalty u/s 271(1)(c) - addition on account of undisclosed business income - In the instant case the assessee himself agreed for surrender, so it was a good case to make the addition, however the said surrender itself cannot be considered as a concealment of particulars of income - No penalty - AT

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Penalty u/s 271(1)(c) - addition on account of undisclosed ...

Income Tax

July 1, 2015

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