https://www.taxtmi.com/highlights?id=46766 Penalty u/s 271(1)(c) - there is no ‘tax sought to be evaded’, in terms of Explanation 4 to section 271(1)(c), on which penalty could be levied - even as the asessee has not furnished any explanation during the penalty proceedings or in the appellate proceedings no penalty is leviable en-us Sat, 25 May 2019 09:56:12 +0530 Sat, 25 May 2019 09:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46766 Penalty u/s 271(1)(c) - there is no ‘tax sought to be evaded’, in terms of Explanation 4 to section 271(1)(c), on which penalty could be levied - even as the asessee has not furnished any explanation during the penalty proceedings or in the appellate proceedings no penalty is leviable Highlights Income Tax Sat, 25 May 2019 09:56:12 +0530 https://www.taxtmi.com/highlights?id=46766