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of <h1>Gujarat HC dismisses appeal on penalty under Section 271(1)(c) of Income Tax Act pre-2002</h1> <h3>COMMISSIONER OF INCOME TAX Versus GOLD COIN HEALTH FOOD PVT LTD.</h3> The Gujarat HC dismissed the appeal on penalty under Section 271(1)(c) of the Income Tax Act, 1961 for a loss in returned income pre-2002 amendment. ... - The Gujarat High Court dismissed the appeal regarding the penalty under Section 271(1)(c) of the Income Tax Act, 1961 when the returned income is a loss before the amendment in 2002. The appeal was rejected at the admission stage.
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