Voluntary surrender of income does not mean immunity from penalty

FCS Deepak Pratap Singh , Last updated: 19 January 2022 Share Follow on Google News

Mak Data P. Ltd. v. CIT (2013) 358 ITR 593 (SC) Sub: Can an assessee who has surrendered his income in response to the specific information sought by the Assessing Officer in the course of survey, be absolved from the penal provisions under section 271(1)(c) for concealment of income? FACTS

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Broadcasts
Daily E-Newsletter
Unlimited Articles Access

1 YEAR PLAN

2,999

1,999

(Inclusive of GST)

Buy CCI PRO Now

Already a PRO member? Login here for an ad-free experience.

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

3612 Views 1 Likes Comment Share Income Tax Report

About the Author

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, Myself FCS Deepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited Insolvency Examination ( IBBI) wo ... Read more

View Articles