Levy of penalty u/s. 271(1)(c) - It is a mere claim of exemption ...

Income Tax

January 23, 2018

Levy of penalty u/s. 271(1)(c) - It is a mere claim of exemption which is allowed in the normal computation, but not allowable u/s. 115JB and there cannot be any penalty for a wrong claim. - AT

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Levy of penalty u/s. 271(1)(c) - It is a mere claim of exemption ...

Income Tax

January 23, 2018

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Penalty u/s 271(1)(c) - furnished wrong particulars of its income in terms of profits u/s 115JB - Computation of Minimum Alternate Tax (MAT) - levy of penalty confirmed - AT

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MAT is paid, additions were made to regular income, penalty not levied – 115JB, 271(1)(c)

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Penalty u/s 271(1)(c) - A mere rejection of the claim of the assessee by relying on different interpretations does not amount to concealment of the particulars of income - AT

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