Penalty u/s 271(1)(c) - addition invoking provision of Section ...
Penalty u/s 271(1)(c) Not Warranted for Higher Valuation Referral by DVO in Property Sale.
April 17, 2020
Case Laws Income Tax AT
Penalty u/s 271(1)(c) - addition invoking provision of Section 50C - when in respect of sale of property, matter was referred to DVO to determine sale consideration at a higher amount, that by itself would not amount to furnishing inaccurate particulars of income so as to levy penalty u/s 271(1)(c) - AT
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