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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Penalty u/s 271(1)(c) - bogus gifts - The assessee is no more ...

Income Tax

October 17, 2015

Penalty u/s 271(1)(c) - bogus gifts - The assessee is no more and expired on 26.09.2006. The penalty proceedings were completed on legal heir i.e. Dr. K.C. Garg, who was in practice for more than 25 years out of India. - No penalty - AT

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