Sec 271(1)(c)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2015
sec 271(1)(C) penalty is not leviable when addition u/s 68 has been agreed by assessee during assessment proceding?
31 July 2015
Addition made u/s 68 would not automatically justify the imposition of penalty by recourse to explanation 1 to section 271(1(c).
National Textiles Vs. CIT (2001) 249 ITR 125 (Guj).
Addition made u/s 68 would not automatically justify the imposition of penalty by recourse to explanation 1 to section 271(1(c).
National Textiles Vs. CIT (2001) 249 ITR 125 (Guj).
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2015
Is assessee liable to pay penalty if he disclose his concealed income after his assessment u/s 271(1)(c)??
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