Please Help: penalty u/s 271(1)(c)
Posted Date : 05-Aug-2011 , 05:16:19 pm | Posted By shashi kumar dhoka
whether commsssion paid, disallowed u/s 40(a)(ia) for non deduction of tax is liable for penalty u/s 271(1)(c)
Category : Income Tax | Answers : 0 | Comments : 2 | Hits : 472
Answers
Comments
CA VIPIN GARG
05-Aug-2011 , 05:38:44 pmYes it is subject for penalty u/s 271 (1)(c) because it falls under inaccurate particulars of income. The A.O. can go for this very well.......
SHUBHAM RASTOGI
05-Aug-2011 , 10:54:11 pmno it is not liable to penalty us 271(1)(c) as no concealment of particulars of income neither neither any innacurate particulars of income have been furnished. following case laws are relevant RELIANCE PETROPRODUCTS 36DTR(SC)