Penalty u/s 271(1)(c) - merely for the reason that the said ...

No penalty u/s 271(1)(c) for reclassifying revenue expenditure as capital without concealment or inaccurate particulars.

February 15, 2018

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - merely for the reason that the said expenditure was claimed as a revenue expenditure would not justify imposition of penalty under Sec. 271(1)(c), for the reason that the same was held by the A.O to be in the nature as that of a capital expenditure - AT

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Penalty u/s 271(1)(c) - merely for the reason that the said ...

No penalty u/s 271(1)(c) for reclassifying revenue expenditure as capital without concealment or inaccurate particulars.

February 15, 2018

Case Laws Income Tax AT

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