https://www.taxtmi.com/highlights?id=34291 Levy of penalty u/s 271 (1)(c) - Effect of amendment to clause 3 (iii) and Explanation 4 to section 271(1)(c) - SC confirmed the order of HC imposing penalty wherein it was observed that the amendment is clarificatory and not substantive and would apply even to assessment year prior to April 1, 2003 en-us Wed, 12 Apr 2017 07:14:56 +0530 Wed, 12 Apr 2017 07:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34291 Levy of penalty u/s 271 (1)(c) - Effect of amendment to clause 3 (iii) and Explanation 4 to section 271(1)(c) - SC confirmed the order of HC imposing penalty wherein it was observed that the amendment is clarificatory and not substantive and would apply even to assessment year prior to April 1, 2003 Highlights Income Tax Wed, 12 Apr 2017 07:14:56 +0530 https://www.taxtmi.com/highlights?id=34291