penalty u/s 271(1)(c)

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....enalty u/s 271(1)(c)<br> Query (Issue) Started By: - PRAVIN SINGH Dated:- 13-12-2010 Last Reply Date:- 16-12-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>if particular expenses rightly disallowed b....

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....y the A.O. during the course of assessment U/S 40a(ia) , would attract penalty provision U/s 271(1)(c) Reply By DEV KUMAR KOTHARI: The Reply: IT WILL DEPEND ON ALL RELEVANT FACTS AND CIRCUMSTANCES. ....

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....THE YEAR, THE NATURE OF ASSESSEE, THE NATURE OF MISTAKE, THE PERSON WHO COMMITTED MISTAKE, THE INSTANCES OF APPLICABILITY OF PROVISIONS, REPEATED MISTAKES , MISTAKES EVEN AFTER WARNING ETC. IN INITIA....

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....L YEARS LENIENT VIEW IS BEING TAKEN AS MANY SMALL TAXPAYERS HAVE BEEN TAKEN BY SURPRISE EVEN WHEN THEY WERE HELPED BY GENERAL TAX PRACTIONERS BECASUE THERE WAS MASS UNAWARENESS EVEN AMONGST MANY GENER....

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....AL TAX PRACTIONERS..<br> Discussion Forum - Knowledge Sharing ....