Taxpayer Penalized for Non-Voluntary Income Surrender u/s 271 of Income Tax Act After Investigation.

Taxpayer Penalized for Non-Voluntary Income Surrender u/s 271 of Income Tax Act After Investigation. https://www.taxtmi.com/highlights?id=24074 Nature of surrendered income - Penalty u/s 271 - it is not a case of voluntary surrender where the assessee has came forward and made a surrender statement. It is a case where the Assessing Officer has made detailed investigation and when the assessee was cornered, he come forward with the proposal of surrender - penalty confirmed - AT en-us Wed, 05 Aug 2015 08:21:12 +0530 Wed, 05 Aug 2015 08:21:12 +0530 TaxTMI RSS Generator Taxpayer Penalized for Non-Voluntary Income Surrender u/s 271 of Income Tax Act After Investigation. https://www.taxtmi.com/highlights?id=24074 Nature of surrendered income - Penalty u/s 271 - it is not a case of voluntary surrender where the assessee has came forward and made a surrender statement. It is a case where the Assessing Officer has made detailed investigation and when the assessee was cornered, he come forward with the proposal of surrender - penalty confirmed - AT Highlights Income Tax Wed, 05 Aug 2015 08:21:12 +0530 https://www.taxtmi.com/highlights?id=24074