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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Penalty u/s 271(1)(c) - addition u/s 68 on gift received - AO ...

Income Tax

August 31, 2019

Penalty u/s 271(1)(c) - addition u/s 68 on gift received - AO had discarded and doubted the genuineness of gifts on ground of human probabilities and no authority has recorded any finding to the effect that details furnished by the assessee to be incorrect, erroneous or false - it is not a case of either concealment of income or of furnishing inaccurate particulars

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