Penalty u/s 271(1)(c) - revision u/s 263 - In the absence of any ...

Court Rules CIT Wrong in Penalizing Without AO's Satisfaction u/ss 271(1)(c) and 263 of Income Tax Act.

March 31, 2018

Case Laws Income Tax HC

Penalty u/s 271(1)(c) - revision u/s 263 - In the absence of any finding of the AO with regard to concealment of income or with regard to furnishing of inaccurate particulars of income, the CIT clearly erred in holding that omission to record satisfaction to initiate penalty proceedings was erroneous or prejudicial to the interest of Revenue. - HC

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Penalty u/s 271(1)(c) - revision u/s 263 - In the absence of any ...

Court Rules CIT Wrong in Penalizing Without AO's Satisfaction u/ss 271(1)(c) and 263 of Income Tax Act.

March 31, 2018

Case Laws Income Tax HC

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