Penalty Imposed u/s 271(1)(c) for Assessee's Role in Bogus Gifts Scheme, Fueling Black Money Proliferation.

Penalty Imposed u/s 271(1)(c) for Assessee's Role in Bogus Gifts Scheme, Fueling Black Money Proliferation. https://www.taxtmi.com/highlights?id=27983 Penalty u/s 271(1)(c ) - after taking into consideration the human conduct and preponderance of probability clearly indicate that the assessee became a willing party to nefarious black money racket for obtaining bogus gifts. Such acts cannot be taken lightly as they lead to scourge of black money in the country. - AT en-us Tue, 15 Mar 2016 21:44:12 +0530 Tue, 15 Mar 2016 21:44:12 +0530 TaxTMI RSS Generator Penalty Imposed u/s 271(1)(c) for Assessee's Role in Bogus Gifts Scheme, Fueling Black Money Proliferation. https://www.taxtmi.com/highlights?id=27983 Penalty u/s 271(1)(c ) - after taking into consideration the human conduct and preponderance of probability clearly indicate that the assessee became a willing party to nefarious black money racket for obtaining bogus gifts. Such acts cannot be taken lightly as they lead to scourge of black money in the country. - AT Highlights Income Tax Tue, 15 Mar 2016 21:44:12 +0530 https://www.taxtmi.com/highlights?id=27983