https://www.taxtmi.com/highlights?id=40039 Levy of penalty u/s 271(1)(c) - failure to take stamp duty value of property u/s 50C being land and building for sale - From a clear distinction between sale consideration actually received and deemed to have been received in terms of subsection [1] of Section 50C application of subsection [1] of Section 50C therefore cannot automatically give rise to penalty proceedings. en-us Thu, 21 Jun 2018 06:24:58 +0530 Thu, 21 Jun 2018 06:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40039 Levy of penalty u/s 271(1)(c) - failure to take stamp duty value of property u/s 50C being land and building for sale - From a clear distinction between sale consideration actually received and deemed to have been received in terms of subsection [1] of Section 50C application of subsection [1] of Section 50C therefore cannot automatically give rise to penalty proceedings. Highlights Income Tax Thu, 21 Jun 2018 06:24:58 +0530 https://www.taxtmi.com/highlights?id=40039