Penalty u/s 271(1)(c) Dropped After Taxpayer Corrects Income Statement Errors During Assessment Proceedings.

Penalty u/s 271(1)(c) Dropped After Taxpayer Corrects Income Statement Errors During Assessment Proceedings. https://www.taxtmi.com/highlights?id=42793 Penalty levied u/s. 271(l)(c) - additions towards donation paid and STT paid - assessee failed to add back in the statement of total income, while filing return of income. The said mistake has been rectified immediately after noticing during the course of assessment proceedings - No penalty. en-us Tue, 20 Nov 2018 07:48:59 +0530 Tue, 20 Nov 2018 07:48:59 +0530 TaxTMI RSS Generator Penalty u/s 271(1)(c) Dropped After Taxpayer Corrects Income Statement Errors During Assessment Proceedings. https://www.taxtmi.com/highlights?id=42793 Penalty levied u/s. 271(l)(c) - additions towards donation paid and STT paid - assessee failed to add back in the statement of total income, while filing return of income. The said mistake has been rectified immediately after noticing during the course of assessment proceedings - No penalty. Highlights Income Tax Tue, 20 Nov 2018 07:48:59 +0530 https://www.taxtmi.com/highlights?id=42793