Penalty u/s 271(1)(c) - additional income in the return filed in ...

Penalty for Undisclosed Income Upheld; Appeal Dismissed; Assessee Penalized u/s 271(1)(c) for Additional Income.

February 13, 2024

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - additional income in the return filed in response to notice u/s 153A/153C - The tribunal dismissed the appeal of the assessee, upholding the imposition of the penalty by the Assessing Officer and confirmed by the learned CIT(A). It concludes that the penalty is legitimate under the provisions of Explanation 5A to section 271(1)(c) of the Act, considering the circumstances of the case and relevant legal interpretations.

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Penalty u/s 271(1)(c) - additional income in the return filed in ...

Penalty for Undisclosed Income Upheld; Appeal Dismissed; Assessee Penalized u/s 271(1)(c) for Additional Income.

February 13, 2024

Case Laws Income Tax AT

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