Penalty levied u/s.271(1)(c) - The tax paid on such undisclosed ...

Penalty u/s 271(1)(c) Unwarranted for Undisclosed Income; No Benefit Gained by Taxpayer from Paid Tax.

July 4, 2015

Case Laws Income Tax AT

Penalty levied u/s.271(1)(c) - The tax paid on such undisclosed income has gone waste as no benefit out of such income has been availed by the assessee. - this is not a fit case for levy of penalty u/s.271(1)(c) - AT

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Penalty levied u/s.271(1)(c) - The tax paid on such undisclosed ...

Penalty u/s 271(1)(c) Unwarranted for Undisclosed Income; No Benefit Gained by Taxpayer from Paid Tax.

July 4, 2015

Case Laws Income Tax AT

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