Penalty u/s 271 - Bank has not calculated the interest over the ...

Supreme Court: Section 271(1)(c) Income Tax Act penalties not applicable for banks on NPAs with uncalculated interest.

September 23, 2012

Case Laws Income Tax SC

Penalty u/s 271 - Bank has not calculated the interest over the years possibly for the reason that, in its Accounts, this amount was classified as 'NPA', thus Section 271(1)(c) is not applicable - SC

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Penalty u/s 271 - Bank has not calculated the interest over the ...

Supreme Court: Section 271(1)(c) Income Tax Act penalties not applicable for banks on NPAs with uncalculated interest.

September 23, 2012

Case Laws Income Tax SC

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