PENALTY U/S. 271(1)(c)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2010 The AO was made addition is less than 20%
can penalty imposed u/s.271(1)(c)

Aditya Maheshwari (Expert)
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16 January 2010 There is no creteria as to the % of addition on which penalty can be levied. The % is applicable in case of transfer pricing i think.

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