Penalty u/s 271(1)(c) - Failure to furnish returns, comply with ...

Income Tax

January 14, 2019

Penalty u/s 271(1)(c) - Failure to furnish returns, comply with notices, concealment of income - the assessee had shown that they had acted bonafidely. Thus, the assessee should not have been burdened with penalty for concealment of income u/s 271(1)(c)

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Penalty u/s 271(1)(c) - Failure to furnish returns, comply with ...

Income Tax

January 14, 2019

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Failure on the part of the assessee to file the returns voluntarily, as statutorily prescribed, would be a culpable act or omission attracting penalty under Section 271(1)(c).

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