Penalty u/s. 271(1)(c) - the assessee ought to have been visited ...

Income Tax

October 9, 2023

Penalty u/s. 271(1)(c) - the assessee ought to have been visited with the penalty on the charge of furnishing of inaccurate particulars of income. As against that, the penalty order was passed with reference to both, namely, furnishing of inaccurate particulars of income and concealment as well. Under these circumstances, we are satisfied that the order passed by the ld. CIT(A) cannot be sustained. - No penalty - AT

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Penalty u/s. 271(1)(c) - the assessee ought to have been visited ...

Income Tax

October 9, 2023

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