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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Merely because assessee had claimed expenditure which was not ...

Income Tax

January 6, 2017

Merely because assessee had claimed expenditure which was not accepted or not acceptable to Revenue that by itself would not attract a penalty u/s 271(1)(c) - AT

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  10. Penalty u/s 271(1)(c) - AO had come to the conclusion that for want of suppling sufficient material by the assessee, the claim of commission cannot be accepted - No penalty - HC

 

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