Section 271(1)(C) Penalty Not Applicable: Disallowances for Personal Use Don't Apply to Non-Proprietary Assessee.

Section 271(1)(C) Penalty Not Applicable: Disallowances for Personal Use Don't Apply to Non-Proprietary Assessee. https://www.taxtmi.com/highlights?id=22997 Penalty u/s 271(1)(C) - The assessee is not a proprietary concern, where one can think of disallowances made on personal use. In such a circumstance, penalty is not exigible. - AT en-us Tue, 19 May 2015 01:07:07 +0530 Tue, 19 May 2015 01:07:07 +0530 TaxTMI RSS Generator Section 271(1)(C) Penalty Not Applicable: Disallowances for Personal Use Don't Apply to Non-Proprietary Assessee. https://www.taxtmi.com/highlights?id=22997 Penalty u/s 271(1)(C) - The assessee is not a proprietary concern, where one can think of disallowances made on personal use. In such a circumstance, penalty is not exigible. - AT Highlights Income Tax Tue, 19 May 2015 01:07:07 +0530 https://www.taxtmi.com/highlights?id=22997