https://www.taxtmi.com/highlights?id=64092 Penalty u/s 271(1)(c) - LTCG on purchase of plot - A.O. has not clearly mentioned the limb, on the basis of which, penalty was proposed to be imposed. - concealment of income or furnishing of inaccurate particulars of income are two different forms and they cannot be inter mixed, therefore, we quash the penalty proceedings initiated U/s 271(1)(c) of the Act. - AT en-us Thu, 16 Jun 2022 09:14:58 +0530 Thu, 16 Jun 2022 09:14:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64092 Penalty u/s 271(1)(c) - LTCG on purchase of plot - A.O. has not clearly mentioned the limb, on the basis of which, penalty was proposed to be imposed. - concealment of income or furnishing of inaccurate particulars of income are two different forms and they cannot be inter mixed, therefore, we quash the penalty proceedings initiated U/s 271(1)(c) of the Act. - AT Highlights Income Tax Thu, 16 Jun 2022 09:14:58 +0530 https://www.taxtmi.com/highlights?id=64092