Does Penalty u/s 271(1)(c) include Surcharge and Education Cess ?

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Penalty under section 271(1)(c) states that the an assessee will be asked to pay “the amount of tax sought to be evaded by reason of the concealment of particulars of his income or… “. Now the question is whether the “tax” includes the surcharge and education cess also or merely the tax amount on the income concealed ? This post will clarify the correct meaning of the tax for the purpose of penalty u/s 271(1)(c) .

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