Penalty Upheld u/s 271(1)(c) for Unsubstantiated Expenses and Discrepancies in Income Reporting vs. Form 26AS.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Penalty u/s 271(1)(c) - excessive retainership expenses and not supported by the evidences and difference in the income as per TDS claimed in return of income and 26AS - Levy of penalty confirmed - AT....