Penalty u/s. 271(1)(c) - income disclosed by the assessee u/s ...

Income Tax

July 9, 2019

Penalty u/s. 271(1)(c) - income disclosed by the assessee u/s 153A - The mere fact that the assessee has filed revised returns disclosing higher income than in the original return, in the absence of any other incriminating evidence, does not show that the assessee has “concealed”his income for the relevant assessment years. - No penalty.

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Penalty u/s. 271(1)(c) - income disclosed by the assessee u/s ...

Income Tax

July 9, 2019

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