Penalty u/s 271(1) C

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....enalty u/s 271(1) C<br> Query (Issue) Started By: - ishwar hegde Dated:- 17-2-2012 Last Reply Date:- 23-2-2012 Income Tax<br>Got 1 Reply<br>Income Tax<br>The AO has issued assessment order and 271 not....

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....ice on the same date. he has not specifically menchined whether it is a 'conceelment' or 'inacurate perticulars' But as per the section he has to record the reasons before the date of such search(find....

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....ings) Whether Ao is justified? Ref case cit2006 -280itr 4129del) may be reffered? Reply By Vivek Harsh: The Reply: Under 271 penalty can be levied either for concealment or Inaccurate particulars or....

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.... both. If he has recorded his satisfaction he can levy penalty.<br> Discussion Forum - Knowledge Sharing ....