Income Tax News, Judgments, Act, Analysis, Tax Planning, Advisory, E filing of returns, CA Students

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levy of penalty

No penalty under section 271(1) (c) in case of concealment of income due to “bonafide mistake” by an assessee

Changes in the law relating to levy of penalty in the Finance Bill, 2016 4 min read

Income Tax

Changes in the law relating to levy of penalty in the Finance Bill, 2016

Manager 4 years ago

The Finance Bill, 2016 aims to make drastic changes to the law relating to levy of penalty for concealment of income and furnishing of incorrect... Read More