Court Upholds Penalty for Unreported Donations; Assessee Lacks Explanation for Omission in Tax Returns u/s 271(1)(c).

Court Upholds Penalty for Unreported Donations; Assessee Lacks Explanation for Omission in Tax Returns u/s 271(1)(c). https://www.taxtmi.com/highlights?id=23592 Penalty under section 271(1)(c) - unaccounted donations - there was no explanation at the end of assessee for not showing these donations as its income in the original return(s) or in the return(s) filed in response to notice under section 153C. - penalty confirmed - AT en-us Wed, 01 Jul 2015 07:21:43 +0530 Wed, 01 Jul 2015 07:21:43 +0530 TaxTMI RSS Generator Court Upholds Penalty for Unreported Donations; Assessee Lacks Explanation for Omission in Tax Returns u/s 271(1)(c). https://www.taxtmi.com/highlights?id=23592 Penalty under section 271(1)(c) - unaccounted donations - there was no explanation at the end of assessee for not showing these donations as its income in the original return(s) or in the return(s) filed in response to notice under section 153C. - penalty confirmed - AT Highlights Income Tax Wed, 01 Jul 2015 07:21:43 +0530 https://www.taxtmi.com/highlights?id=23592