Home / 
No Penalty for Income Concealment Due to Non-Filing: Section 271(1)(c) Inapplicable, 271(1)(a) Not Initiated.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Penalty u/s. 271(1)(c) - There is no provision in the IT Act for levying concealment of income u/s 271(1)(c) for non-filing of a return. The relevant provision is sec. 271(1)(a), which is neither initiated nor attracted - No penalty - AT....


TaxTMI
TaxTMI