https://www.taxtmi.com/highlights?id=57580 Validity of the penalty u/s 271(1)(c) or 158BFA - AO has levied the penalty under section 271(1)(C) of the Act by observing that the assessee has concealed/furnished inaccurate particular of income whereas there is no concept of concealment/furnishing inaccurate particular of income under the provisions of section 158BFA(2) - the penalty levied under section 271(1)(c) of the Act is not sustainable - AT en-us Tue, 13 Apr 2021 21:11:06 +0530 Tue, 13 Apr 2021 21:11:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57580 Validity of the penalty u/s 271(1)(c) or 158BFA - AO has levied the penalty under section 271(1)(C) of the Act by observing that the assessee has concealed/furnished inaccurate particular of income whereas there is no concept of concealment/furnishing inaccurate particular of income under the provisions of section 158BFA(2) - the penalty levied under section 271(1)(c) of the Act is not sustainable - AT Highlights Income Tax Tue, 13 Apr 2021 21:11:06 +0530 https://www.taxtmi.com/highlights?id=57580