inaccurate particulars

  • Income Tax

Law does not debar assessee from making claim which he believes is plausible

Law does not debar assessee from making a claim which he believes is plausible and knowing that it will be…

4 years ago
  • Income Tax

Penalty u/s 271(1)(c) upheld despite notice without specifying applicable charge

Penalty u/s 271(1)(c) upheld despite notice without striking off the not applicable charge as in penalty order AO specified the…

4 years ago
  • Income Tax

No Penalty u/s 271(1)(c) merely due to quantum addition without fresh verification  

No Penalty u/s 271(1)(c) merely due to quantum addition without making fresh verification during penalty proceedings  ABCAUS Case Law Citation:ABCAUS…

4 years ago
  • Income Tax

No Penalty u/s 271(1)(c) on cancellation of automatic deduction on wrong classification of income

No Penalty u/s 271(1)(c) on cancellation of automatic deduction u/s 24(a) on wrong classification of income under house property than…

4 years ago
  • Income Tax

Non striking of limb of penalty u/s 271(1)(c). Appeal to be restored on favourable judgment by SC

Non striking of applicable limb of penalty u/s 271(1)(c) in notice. ITAT permits restoration of appeal if issue is decided…

4 years ago
  • Income Tax

Genuine expenses wrongly claimed as deduction do not attract penalty u/s 271(1)(c)

Genuine expenses wrongly claimed as deduction not attract penalty u/s 271(1)(c) for furnishing the inaccurate particular of income ABCAUS Case…

4 years ago
  • Income Tax

Application of correct limb of penalty u/s 271(1)(c) is a question of fact not of law – ITAT

Application of correct limb of penalty u/s 271(1)(c) is a question of fact and not a question of law. ITAT…

5 years ago
  • Income Tax

Penalty u/s 271(1)(c) on disallowance of interest expenses towards interest free advances deleted

Penalty u/s 271(1)(c) on proportionate disallowance of interest expenses towards interest free advances given by the assessee deleted ABCAUS Case…

5 years ago
  • Income Tax

Penalty u/s 271(1)(c) for inadvertently not showing salary from second employer deleted

Penalty u/s 271(1)(c) for inadvertently not showing salary from second employer deleted as assessee suo moto recalculated and paid the…

5 years ago
  • Income Tax

Penalty u/s 271(1)(c) deleted for depreciation claim on assets invoiced in other firm’s name

Penalty u/s 271(1)(c) deleted for claiming depreciation on assets for which invoices were raised by the vendor in the name…

5 years ago