https://www.taxtmi.com/highlights?id=25900 Penalty under section 271(1)(c) on addition of rental income - the assessment proceedings and penalty proceedings are quite distinct and the findings given in the assessment order are not conclusive. Accordingly, mere addition of amount as income is not the criteria to levy penalty. - AT en-us Fri, 13 Nov 2015 20:08:49 +0530 Fri, 13 Nov 2015 20:08:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25900 Penalty under section 271(1)(c) on addition of rental income - the assessment proceedings and penalty proceedings are quite distinct and the findings given in the assessment order are not conclusive. Accordingly, mere addition of amount as income is not the criteria to levy penalty. - AT Highlights Income Tax Fri, 13 Nov 2015 20:08:49 +0530 https://www.taxtmi.com/highlights?id=25900