Section 271(1)(c) Penalty Applies Even if Income Accepted in 153A Assessment for Concealment or Inaccuracy.

Section 271(1)(c) Penalty Applies Even if Income Accepted in 153A Assessment for Concealment or Inaccuracy. https://www.taxtmi.com/highlights?id=43879 Levy of penalty u/s 271(1)(c) - assessment u/s 153A - notwithstanding that the income declared in the return filed for a period under consideration is accepted, the assessee would still be liable to penalty under Section 271(1)(c) of the Act. en-us Mon, 14 Jan 2019 07:35:04 +0530 Mon, 14 Jan 2019 07:35:04 +0530 TaxTMI RSS Generator Section 271(1)(c) Penalty Applies Even if Income Accepted in 153A Assessment for Concealment or Inaccuracy. https://www.taxtmi.com/highlights?id=43879 Levy of penalty u/s 271(1)(c) - assessment u/s 153A - notwithstanding that the income declared in the return filed for a period under consideration is accepted, the assessee would still be liable to penalty under Section 271(1)(c) of the Act. Highlights Income Tax Mon, 14 Jan 2019 07:35:04 +0530 https://www.taxtmi.com/highlights?id=43879