Applicability of section 271(1)(c) on agricultural income

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 January 2014 While completing Assessment u/s 143(3) of Income Tax Act, 1961; AO added certain portion of Agricultural Income (not disclosed in return of Income filed by Assessee u/s 139(1), but declared during the course of Assessment Proceedings) as Income from Other Sources. AO further imposed penalty u/s 271(1)(c) on such income. However is Section 271(1)(c)applicable to such Agricultural Income not declared in return of income but declared during the course of assessment proceeding?
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
21 January 2014 depends..there have been cases where penalty was levied...
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 January 2014 Can you please suggest any case laws in favour of assessee, i.e where penalty was not levied..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category