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Income Tax - Highlights / Catch Notes

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Penalty u/s 271 (1)(c) - AO collected the accounts statements ...

Income Tax

October 12, 2016

Penalty u/s 271 (1)(c) - AO collected the accounts statements from the banks - nondisclosure would directly attract the provisions of Section 271 (1) (c) of the Act as it deals with concealment of income from different sources by the assessee. - HC

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  10. Penalty u/s 271(1)(c) - Penalty order did not specify the particular limb under which penalty u/s 271(1)(c) is levied. AO has not specified that penalty is either levied...

 

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