Revision u/s 263 - Penalty u/s 271(1)(c) dropped - voluntarily ...

Income Tax

June 17, 2019

Revision u/s 263 - Penalty u/s 271(1)(c) dropped - voluntarily offer certain income in the form of cash deposits/FDRs - a perusal of the ‘order sheet’ noting of the A.O reveals that he had only after being satisfied with the reply filed by the assessee, therein concluded that the penalty proceedings initiated u/s 271(1)(c) were to be dropped - a plausible view of AO - revision quashed

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Revision u/s 263 - Penalty u/s 271(1)(c) dropped - voluntarily ...

Income Tax

June 17, 2019

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