Penalty proceeding u/s 271(1)(c) is initiated in a very routine manner by Assessing Officer while disallowing any expenditure or claim. The higher appellate authorities have come heavily on income tax department for the callous manner in which penalty proceeding u/s 271(1)(c) is initiated by A.Os. However, the surprise is that the Income Tax Act provides…
About Prashant Thakur
The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.
Are foreign ship owners employing Indian crew are outside the jurisdiction of Indian tax authorities?