Penalty levied u/s 271(1)(c) - disallowance of the deduction ...

Penalty Imposed u/s 271(1)(c) Overturned; Lack of Justification for Filing Inaccurate Income Particulars. No Appeal Filed.

July 29, 2021

Case Laws Income Tax AT

Penalty levied u/s 271(1)(c) - disallowance of the deduction claimed by the assessee u/s 35 - AO has not brought out his case as to why penalty u/s.271(1)(c) of the Act should be levied for filing inaccurate particulars of income in the case of the assessee. Merely not challenging the additions made in the assessment order in an appeal, cannot be the ground for imposing penalty u/s.271(1)(c) of the Act. - AT

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Penalty levied u/s 271(1)(c) - disallowance of the deduction ...

Penalty Imposed u/s 271(1)(c) Overturned; Lack of Justification for Filing Inaccurate Income Particulars. No Appeal Filed.

July 29, 2021

Case Laws Income Tax AT

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