Upto and until, the issue regarding determination of the taxable ...

Penalty u/s 271(1)(c) Not Allowed Until Taxable Income Finalized; Quantum Proceedings Impact Computation.

January 14, 2020

Case Laws Income Tax AT

Upto and until, the issue regarding determination of the taxable income is finalized, penalty u/s 271(1)(c) of the Act cannot be imposed upon the assessee. Once we have set aside the quantum proceedings, then very basis to compute penalty gets extinguished.

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Upto and until, the issue regarding determination of the taxable ...

Penalty u/s 271(1)(c) Not Allowed Until Taxable Income Finalized; Quantum Proceedings Impact Computation.

January 14, 2020

Case Laws Income Tax AT

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