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Penalty Confirmed for Bogus Transaction u/s 271(1)(c) Due to Forged Invoices and Income Concealment.
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....Penalty under Section 271(1)(c) - bogus transaction of sale and purchase of asset - it is a clear case of furnishing inaccurate particulars in the form of forged invoices and thereby concealed the particulars of income of the assessee. - Levy of penalty confirmed - AT....
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