No Penalty u/s 271(1)(c) in 9 Types of Additions


Penalty initiation by assessing officer is routine when any addition or allowance is made while assessing the total income of an assessee.However, initiation of penalty u/s 271(1)(c) can be done only when the assessee has either concealed or furnished inaccurate particulars of income. Here we have selected a list of addition or dis-allowances in case of which, it has been judicially held that the penalty u/s 271(1)(c) cannot be imposed.

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