https://www.taxtmi.com/highlights?id=73240 Penalty u/s 271(1)(c) - debatable issue - Since the assessee-respondent had not suppressed the amount in question and had disclosed it in its return, merely because he declared it under a particular “head of income”, and the AO chose to treat the same under some other head, the assessee-respondent cannot be accused of furnishing incorrect particulars of income or suppressing facts. - HC en-us Sat, 25 Nov 2023 11:55:21 +0530 Sun, 26 Nov 2023 20:26:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73240 Penalty u/s 271(1)(c) - debatable issue - Since the assessee-respondent had not suppressed the amount in question and had disclosed it in its return, merely because he declared it under a particular “head of income”, and the AO chose to treat the same under some other head, the assessee-respondent cannot be accused of furnishing incorrect particulars of income or suppressing facts. - HC Highlights Income Tax Sat, 25 Nov 2023 11:55:21 +0530 https://www.taxtmi.com/highlights?id=73240