Penalty u/s 271(1)(c) - assessee accepted outstanding sundry ...

Income Tax

July 12, 2019

Penalty u/s 271(1)(c) - assessee accepted outstanding sundry creditor as income in assessment proceedings - there was no allegation made that the statement given by the assessee was either mala fide or lacks bona fide or suppressed information with an intent to evade payment of tax - if the assessee gives an explanation which is unproved but not disproved - no penalty

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Penalty u/s 271(1)(c) - assessee accepted outstanding sundry ...

Income Tax

July 12, 2019

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