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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Penalty u/s 271(1)(c) - Discrepancy or deficiency in the closing ...


Penalty u/s 271(1)(c) Not Applicable for Stock Valuation Method Differences Alone.

February 8, 2019

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - Discrepancy or deficiency in the closing stock of the assessee - the mere addition on account of valuation of closing stock by adopting a different method will not attract the penalty U/s 271(1)(c)

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