Omitting capital gains in tax filings isn't automatically concealment or false reporting u/s 271(1)(c) of the Income Tax Act.

Omitting capital gains in tax filings isn't automatically concealment or false reporting u/s 271(1)(c) of the Income Tax Act. https://www.taxtmi.com/highlights?id=35289 A mere omission in offering the capital gains to tax would not ipso facto reflect concealment of income or furnishing of inaccurate particulars of income in terms of Section 271(1)(c) of the Act en-us Mon, 19 Jun 2017 08:29:18 +0530 Mon, 19 Jun 2017 08:29:18 +0530 TaxTMI RSS Generator Omitting capital gains in tax filings isn't automatically concealment or false reporting u/s 271(1)(c) of the Income Tax Act. https://www.taxtmi.com/highlights?id=35289 A mere omission in offering the capital gains to tax would not ipso facto reflect concealment of income or furnishing of inaccurate particulars of income in terms of Section 271(1)(c) of the Act Highlights Income Tax Mon, 19 Jun 2017 08:29:18 +0530 https://www.taxtmi.com/highlights?id=35289