Penalty u/s 271(1)(c) - Though he is an individual and he is not ...

Court Upholds Penalty for Not Keeping Financial Records; Ignorance of Tax Laws Not a Valid Defense u/s 271(1)(c).

January 5, 2012

Case Laws Income Tax HC

Penalty u/s 271(1)(c) - Though he is an individual and he is not expected to maintain accounts showing the current assets and liabilities, income etc., his explanation that he was innocent and he was not aware of the legal requirement cannot be accepted.... - HC

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Penalty u/s 271(1)(c) - Though he is an individual and he is not ...

Court Upholds Penalty for Not Keeping Financial Records; Ignorance of Tax Laws Not a Valid Defense u/s 271(1)(c).

January 5, 2012

Case Laws Income Tax HC

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