https://www.taxtmi.com/highlights?id=21012 Assessee had not filed revised return voluntarily, but had filed the revised return after the AO confronted the assessee and they were asked to explain how and why loss on account of sale of fixed assets was claimed in the profit and loss account – the levy of penalty upheld u/s 271(1)(c) - HC en-us Sat, 13 Dec 2014 20:16:16 +0530 Sat, 13 Dec 2014 20:16:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=21012 Assessee had not filed revised return voluntarily, but had filed the revised return after the AO confronted the assessee and they were asked to explain how and why loss on account of sale of fixed assets was claimed in the profit and loss account – the levy of penalty upheld u/s 271(1)(c) - HC Highlights Income Tax Sat, 13 Dec 2014 20:16:16 +0530 https://www.taxtmi.com/highlights?id=21012