Court Rules Excessive Wastage Claim Inaccurate, Invokes Penalty u/s 271(1)(c) for Concealing Income Details.

Court Rules Excessive Wastage Claim Inaccurate, Invokes Penalty u/s 271(1)(c) for Concealing Income Details. https://www.taxtmi.com/highlights?id=44481 Penalty - excessive claim of wastage - The additions made, to the extent confirmed by this Court, definitely leads to a finding of inaccurate particulars having been furnished which would enable invocation of Section 271(1)(c). en-us Wed, 13 Feb 2019 15:55:42 +0530 Wed, 13 Feb 2019 15:55:42 +0530 TaxTMI RSS Generator Court Rules Excessive Wastage Claim Inaccurate, Invokes Penalty u/s 271(1)(c) for Concealing Income Details. https://www.taxtmi.com/highlights?id=44481 Penalty - excessive claim of wastage - The additions made, to the extent confirmed by this Court, definitely leads to a finding of inaccurate particulars having been furnished which would enable invocation of Section 271(1)(c). Highlights Income Tax Wed, 13 Feb 2019 15:55:42 +0530 https://www.taxtmi.com/highlights?id=44481