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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - levy of penalty u/s .271(1)(c) - CIT is not ...


CIT Cannot Direct AO to Reassess for Penalty Imposition u/s 271(1)(c) for Incorrect Section 10B Deduction Claim.

March 11, 2017

Case Laws     Income Tax     AT

Revision u/s 263 - levy of penalty u/s .271(1)(c) - CIT is not competent to direct the AO to redo the assessment with a view to initiate and levy penalty in respect of erroneous claim of deduction u/s 10B. - AT

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