Penalty Section 271(1)(c): Key Distinction Between Income Concealment and Inaccurate Particulars Crucial for Assessing Officers.

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....Penalty u/s 271(1)(c) - The Statute has provided distinction between concealment of income and furnishing of inaccurate particulars of income, which may be thin line of distinction, but the same has to be kept in mind while recording satisfaction by the Assessing Officer - AT....