Penalty u/s 271(1)(c)
This query is : Resolved
03 May 2009
Does “tax sought to be evaded” for the purpose of section 271(1)(c) of the I. T. Act include surcharge and education cess?
Thnks & Regards
Niki
Thnks & Regards
Niki
03 May 2009
Yes, includes surcharge and education cess because surchage and additional surcharge is an additional imposition which has all the characteristics of tax.
Citation:- 1)CIT Vs. K.Srinivasan (1972) 83 ITR 346 (SC).
2)Raya.R.Govindarajan Vs. ACIT (2005)3 SOT 192(chennai-Tri).
Citation:- 1)CIT Vs. K.Srinivasan (1972) 83 ITR 346 (SC).
2)Raya.R.Govindarajan Vs. ACIT (2005)3 SOT 192(chennai-Tri).
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