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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Levy of penalty u/s 271(l)(c) - additional income disclosed due ...


No Penalty u/s 271(1)(c) If Authorities Accept Additional Income Disclosed After Search and Survey.

April 24, 2020

Case Laws     Income Tax     AT

Levy of penalty u/s 271(l)(c) - additional income disclosed due to search and survey at the premises - wherein the returned income has been accepted, penalty cannot be imposed - AT

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  9. Penalty u/s 271(1)(c) - surrendered undisclosed income during the search and seizure - assessee contented that income disclosed in the return U/s 139(1) though claimed...

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  11. Levy of penalty u/s 271(1)(c) - Even if some discrepancies were found during the survey resulting in surrender of income by the assessee, once the assessee has declared...

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