Penalty u/s 271(1)(C) - addition sustain on Bogus purchases - ...

Income Tax

March 2, 2019

Penalty u/s 271(1)(C) - addition sustain on Bogus purchases - When it is not discernible from the assessment order as to whether assessee has furnished inaccurate particulars of income or has concealed particulars of income so as to apply the deeming provisions contained under Explanation1 (A) & 1(B) of the Act, the penalty u/s 271(1)(c) of the Act is not sustainable.

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Penalty u/s 271(1)(C) - addition sustain on Bogus purchases - ...

Income Tax

March 2, 2019

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