Penalty u/s. 271(1)(c) - Auditors report obtained by the ...

Auditor's report or CA opinion can't shield against penalties under Income Tax Act Section 271(1)(c) for income concealment.

November 21, 2015

Case Laws Income Tax AT

Penalty u/s. 271(1)(c) - Auditors report obtained by the assessee cannot override Income Tax provisions and just because the assessee's claim is supported by a chartered accountant's opinion, this fact per se cannot absolve the assessee from penalty under section 271(1)(c). - AT

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Penalty u/s. 271(1)(c) - Auditors report obtained by the ...

Auditor's report or CA opinion can't shield against penalties under Income Tax Act Section 271(1)(c) for income concealment.

November 21, 2015

Case Laws Income Tax AT

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