Penalty u/s 271(1)(C) - reopening of assessment u/s 147 after ...

No Penalty for Assessee: Revised Return Filed Before Section 148 Notice u/ss 271(1)(C) and 147 of Income Tax Act.

March 12, 2021

Case Laws Income Tax AT

Penalty u/s 271(1)(C) - reopening of assessment u/s 147 after filing of revised return - Revised return was not filed in response to notice issued u/s.148 and therefore, the assessee cannot be held liable for furnishing in accurate particulars of income or for concealment of income as the income stands offered to tax in the revised return of income - AT

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Penalty u/s 271(1)(C) - reopening of assessment u/s 147 after ...

No Penalty for Assessee: Revised Return Filed Before Section 148 Notice u/ss 271(1)(C) and 147 of Income Tax Act.

March 12, 2021

Case Laws Income Tax AT

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