Penalty u/s 271(1)(c) - unexplained expenditure - Merely because ...

Penalty u/s 271(1)(c) Not Automatic for Unexplained Expenses if Suppliers Can't Be Located.

May 11, 2017

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - unexplained expenditure - Merely because the suppliers could not be traced at the given address would not automatically lead to a conclusion that there was concealment of income or furnishing of inaccurate particulars by the assessee. - AT

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Penalty u/s 271(1)(c) - unexplained expenditure - Merely because ...

Penalty u/s 271(1)(c) Not Automatic for Unexplained Expenses if Suppliers Can't Be Located.

May 11, 2017

Case Laws Income Tax AT

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