https://www.taxtmi.com/highlights?id=71552 Penalty u/s 271(1)(c) - assessee in response to the notice u/s 148 has offered capital gain and paid taxes thereon - Going by the language of section 148, that any such return filed under this section, replace his original return of income, for such purpose, such returned filled is treated as return filed u/s 139. - No penalty - AT en-us Sat, 19 Aug 2023 10:14:59 +0530 Sat, 19 Aug 2023 10:14:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71552 Penalty u/s 271(1)(c) - assessee in response to the notice u/s 148 has offered capital gain and paid taxes thereon - Going by the language of section 148, that any such return filed under this section, replace his original return of income, for such purpose, such returned filled is treated as return filed u/s 139. - No penalty - AT Highlights Income Tax Sat, 19 Aug 2023 10:14:59 +0530 https://www.taxtmi.com/highlights?id=71552