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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Penalty u/s. 271(1)(c) - assessee accepted the quantum ...


Penalty u/s 271(1)(c) Not Justified: Assessee's Conduct Not Contumacious, No P&L Account Misroute Penalty.

June 14, 2018

Case Laws     Income Tax     AT

Penalty u/s. 271(1)(c) - assessee accepted the quantum disallowance - just because assessee has not routed the same through profit and loss account does not by itself said to be a contumacious conduct warranting levy of penalty u/s. 271(1)(c)

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