High Court Clarifies Interpretation of "Unless" in Section 271(1)(c) of Income Tax Act for Taxpayer Disclosures in Returns.

High Court Clarifies Interpretation of "Unless" in Section 271(1)(c) of Income Tax Act for Taxpayer Disclosures in Returns. https://www.taxtmi.com/highlights?id=33321 Penalty u/s 271(1)(c) - use of the term "unless" - disclosures made by the offering incomes in the returns u/s 153A - the aforesaid expression “to be furnished” has to be interpreted as “required to be furnished”. Only in that case the Section will make a meaning otherwise the Section does not make any meaning - HC en-us Thu, 16 Feb 2017 08:15:52 +0530 Wed, 15 Feb 2017 17:17:59 +0530 TaxTMI RSS Generator High Court Clarifies Interpretation of "Unless" in Section 271(1)(c) of Income Tax Act for Taxpayer Disclosures in Returns. https://www.taxtmi.com/highlights?id=33321 Penalty u/s 271(1)(c) - use of the term "unless" - disclosures made by the offering incomes in the returns u/s 153A - the aforesaid expression “to be furnished” has to be interpreted as “required to be furnished”. Only in that case the Section will make a meaning otherwise the Section does not make any meaning - HC Highlights Income Tax Thu, 16 Feb 2017 08:15:52 +0530 https://www.taxtmi.com/highlights?id=33321