Penalty levied u/s 271(1)(c) - excess claim of deduction u/s ...

No Penalty for Excess Deduction Claim: Bona Fide Legal Claim u/ss 271(1)(c) and 35(2) Upheld.

March 28, 2016

Case Laws Income Tax AT

Penalty levied u/s 271(1)(c) - excess claim of deduction u/s 35(2) - the assessee has made a bonafide legal claim which cannot be said to be fallacious or flippant and malafide - no penalty - AT

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Penalty levied u/s 271(1)(c) - excess claim of deduction u/s ...

No Penalty for Excess Deduction Claim: Bona Fide Legal Claim u/ss 271(1)(c) and 35(2) Upheld.

March 28, 2016

Case Laws Income Tax AT

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Penalty u/s.271(1)(c) - claimed higher deduction u/s.36(1)(viia) based on opinion of the Central Statutory Auditors - latter on based on different view canvassed against...

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