https://www.taxtmi.com/article/detailed?id=1279 When an assessing officer makes an addition solely by applying the deeming provision of section 50C-substituting stamp valuation for declared sale consideration-without disputing the genuineness of the sale agreement or the actual consideration received, such an addition does not by itself constitute concealment of income or furnishing of inaccurate particulars and therefore does not automatically attract penalty u/s 271(1)(c). en-us Thu, 05 May 2011 10:08:37 +0530 Thu, 05 May 2011 10:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1279 When an assessing officer makes an addition solely by applying the deeming provision of section 50C-substituting stamp valuation for declared sale consideration-without disputing the genuineness of the sale agreement or the actual consideration received, such an addition does not by itself constitute concealment of income or furnishing of inaccurate particulars and therefore does not automatically attract penalty u/s 271(1)(c). Articles Income Tax Thu, 05 May 2011 10:08:37 +0530 https://www.taxtmi.com/article/detailed?id=1279