Penalty under section 271(1)(c) on addition of rental income - ...

Income Tax

November 13, 2015

Penalty under section 271(1)(c) on addition of rental income - the assessment proceedings and penalty proceedings are quite distinct and the findings given in the assessment order are not conclusive. Accordingly, mere addition of amount as income is not the criteria to levy penalty. - AT

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Penalty under section 271(1)(c) on addition of rental income - ...

Income Tax

November 13, 2015

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