271(1)(c)
This query is : Resolved
05 September 2009
In Block assessment penalty u/s 271(1)(c) can be imposed ?
In Block assessment penalty u/s 271(1)(c) can be imposed ?
06 September 2009
Yes. Penalty can be imposed.
06 September 2009
Certain interests and penalties not to be levied or imposed.
SECTION 158BF OF IT ACT
. No interest under the provisions of section 234A, 234B or 234C or penalty under the provisions of clause (c) of sub-section (1) of section 271 or section 271A or section 271B shall be levied or imposed upon the assessee in respect of the undisclosed income determined in the block assessment.
SECTION 158BF OF IT ACT
. No interest under the provisions of section 234A, 234B or 234C or penalty under the provisions of clause (c) of sub-section (1) of section 271 or section 271A or section 271B shall be levied or imposed upon the assessee in respect of the undisclosed income determined in the block assessment.
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