Penalty levied u/s 271(1)(c) - penalty imposed by the AO @ 200% ...

Income Tax

February 8, 2016

Penalty levied u/s 271(1)(c) - penalty imposed by the AO @ 200% - a penalty of 100% of tax which the appellant has tried to avoid will meet the end of justice in such cases - AT

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Penalty levied u/s 271(1)(c) - penalty imposed by the AO @ 200% ...

Income Tax

February 8, 2016

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Quantum of penalty - suppression of taxable turnover - imposition of penalty at 200% was excessive and levy of penalty at 100% would meet the ends of justice.

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