Penalty u/s 271(1)(c) - failure to file the income tax return - ...

Income Tax

February 24, 2023

Penalty u/s 271(1)(c) - failure to file the income tax return - Merely for non-specifying in the notice as to under which limb the penalty is levied i.e., for concealment of income or furnishing inaccurate particular of income thereof, the penalty cannot be cancelled especially when the assessee who is a non-filer was put to notice - AT

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Penalty u/s 271(1)(c) - failure to file the income tax return - ...

Income Tax

February 24, 2023

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Failure on the part of the assessee to file the returns voluntarily, as statutorily prescribed, would be a culpable act or omission attracting penalty under Section 271(1)(c).

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