Tag: penalty u/s 271(1)(c)

No overlap between phrase “concealment of income” & “furnishing inaccurate particulars ” – HC

There is no overlap between two phrases “concealment of particulars of his income” and “furnished inaccurate particulars of income” – High Court upheld ITAT in deleting penalty u/s 271(1)(c) for not specifying limb of applicable charge.  In a recent judgment, Hon’ble Delhi High Court has held that where …