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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Penalty u/s 271(1)(c) - sale of property - non-disclosure of the ...


Penalty Imposed for Non-Disclosure of Second Sale Deed; Calculated at 100% of Evaded Tax on Capital Gains.

September 12, 2019

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - sale of property - non-disclosure of the second sale deed - penalty restricted to the extent of non-disclosure of the second sale deed to be calculated @100% of the tax sought to be evaded on the capital gains - AT

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