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
View Source