Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Levy of penalty u/s. 271(1)(c) - Addition of LTCG - Assessing Officer while recording satisfaction has invoked both the charges of section 271(1)(c) - ambiguity and vagueness in the mind of Assessing Officer while recording satisfaction - at the time of levy of penalty, the Assessing Officer stick to only one charge i.e. concealment of income - penalty deleted
Levy of penalty u/s. 271(1)(c) - Addition of LTCG - Assessing Officer while recording satisfaction has invoked both the charges of section 271(1)(c) - ambiguity and vagueness in the mind of Assessing Officer while recording satisfaction - at the time of levy of penalty, the Assessing Officer stick to only one charge i.e. concealment of income - penalty deleted
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
