<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Penalty u/s 271(1)(c) Not Applicable: No Evidence of Income Concealment or False Details in Gift Case.</title>
    <link>https://www.taxtmi.com/highlights?id=49025</link>
    <description>Penalty u/s 271(1)(c) - addition u/s 68 on gift received - AO had discarded and doubted the genuineness of gifts on ground of human probabilities and no authority has recorded any finding to the effect that details furnished by the assessee to be incorrect, erroneous or false - it is not a case of either concealment of income or of furnishing inaccurate particulars</description>
    <language>en-us</language>
    <pubDate>Sat, 31 Aug 2019 09:02:24 +0530</pubDate>
    <lastBuildDate>Sat, 31 Aug 2019 09:02:24 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=585553" rel="self" type="application/rss+xml"/>
    <item>
      <title>Penalty u/s 271(1)(c) Not Applicable: No Evidence of Income Concealment or False Details in Gift Case.</title>
      <link>https://www.taxtmi.com/highlights?id=49025</link>
      <description>Penalty u/s 271(1)(c) - addition u/s 68 on gift received - AO had discarded and doubted the genuineness of gifts on ground of human probabilities and no authority has recorded any finding to the effect that details furnished by the assessee to be incorrect, erroneous or false - it is not a case of either concealment of income or of furnishing inaccurate particulars</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Sat, 31 Aug 2019 09:02:24 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=49025</guid>
    </item>
  </channel>
</rss>