Taxpayer Avoids Penalty Due to Genuine Belief in Exemption on Agricultural Land Sale Gains u/s 271(1)(c.

Taxpayer Avoids Penalty Due to Genuine Belief in Exemption on Agricultural Land Sale Gains u/s 271(1)(c. https://www.taxtmi.com/highlights?id=20327 Penalty u/s 271(1)(c) – assessee has bonafide belief in making the claim that gain arising out of sale of agricultural land is exempt from tax - no penalty - AT en-us Mon, 13 Oct 2014 18:36:16 +0530 Mon, 13 Oct 2014 18:36:16 +0530 TaxTMI RSS Generator Taxpayer Avoids Penalty Due to Genuine Belief in Exemption on Agricultural Land Sale Gains u/s 271(1)(c. https://www.taxtmi.com/highlights?id=20327 Penalty u/s 271(1)(c) – assessee has bonafide belief in making the claim that gain arising out of sale of agricultural land is exempt from tax - no penalty - AT Highlights Income Tax Mon, 13 Oct 2014 18:36:16 +0530 https://www.taxtmi.com/highlights?id=20327