https://www.taxtmi.com/highlights?id=24118 Levy of penalty u/s 271(1) - where the actual sale consideration is replaced by the sale consideration determined as per DM circle rate under the deeming provisions of section 50C, the same cannot be basis for levy of penalty under section 271(1)(C) of the Act. - AT en-us Fri, 07 Aug 2015 09:58:28 +0530 Fri, 07 Aug 2015 09:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=24118 Levy of penalty u/s 271(1) - where the actual sale consideration is replaced by the sale consideration determined as per DM circle rate under the deeming provisions of section 50C, the same cannot be basis for levy of penalty under section 271(1)(C) of the Act. - AT Highlights Income Tax Fri, 07 Aug 2015 09:58:28 +0530 https://www.taxtmi.com/highlights?id=24118