Penalty u/s 271(1)(c) - failure to re-invest the capital gains ...

Income Tax

November 18, 2022

Penalty u/s 271(1)(c) - failure to re-invest the capital gains for the purpose of claiming Section 54 deduction - DR could hardly rebut the clinching settled legal preposition that quantum and penalty are parallel proceedings wherein each and every disallowance/addition made in course of the former does not ipso facto attract to penal mechanism - AT

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Penalty u/s 271(1)(c) - failure to re-invest the capital gains ...

Income Tax

November 18, 2022

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