Penalty u/s 271(1)(c) - additional income was declared in survey ...

Income Tax

March 15, 2019

Penalty u/s 271(1)(c) - additional income was declared in survey u/s 133A - date of filing of return u/s 139(1) had not expired - The fact of “concealment of income” and “furnishing of inaccurate particulars of income” can be established only with reference to the income declared in the return of income - If income declared is accepted, no penalty levied u/s 271(1)(c).

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Penalty u/s 271(1)(c) - additional income was declared in survey ...

Income Tax

March 15, 2019

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