Penalty u/s 271(1)(c) - bogus purchases - If the assessee has ...

Penalty u/s 271(1)(c) Not Justified for Bogus Purchases if Assessee Provides Sufficient Evidence; 15% Addition Insufficient.

April 11, 2019

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - bogus purchases - If the assessee has submitted all the documentary evidences to substantiate the purchases so made then merely making of estimated addition of 15% will not attract the penalty

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Penalty u/s 271(1)(c) - bogus purchases - If the assessee has ...

Penalty u/s 271(1)(c) Not Justified for Bogus Purchases if Assessee Provides Sufficient Evidence; 15% Addition Insufficient.

April 11, 2019

Case Laws Income Tax AT

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