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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

The entire addition was based on the conditional surrender made ...


Assessing Officer's Notice for Penalty u/s 271(1)(c) Invalid Due to Conditional Surrender by Assessee.

September 8, 2016

Case Laws     Income Tax     AT

The entire addition was based on the conditional surrender made by the assessee. The AO did not honour the condition of not levying penalty and went ahead and issued notice for levying penalty u/s 271(1)(c) - No penalty - AT

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