Levy of penalty u/s 271(1) - allegation of concealment of income ...
Penalty Imposed for Concealment of Income as Assessee's Explanation Deemed Fabricated u/s 271(1.
August 13, 2018
Case Laws Income Tax HC
Levy of penalty u/s 271(1) - allegation of concealment of income - The assessee could not furnish any explanation except setting up a cooked up story for loss of the books of account - Levy of penalty confirmed.
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