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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Penalty u/s 271(1)(c) - recording of satisfaction - mere ...


Court Rules Insufficient Satisfaction for Penalty u/s 271(1)(c); Proper Procedures Required for Income Disclosure Penalties.

August 9, 2018

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - recording of satisfaction - mere direction in the assessment order to initiate penalty proceedings - Concealment/furnishing inaccurate particulars of income - penalty set aside.

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