Penalty Quashed as Notice Specifying Concealment Contradicted Assessment Order Satisfaction for Furnishing Inaccurate Particulars
Penalty Quashed as Notice Specifying Concealment Contradicted Assessment Order Satisfaction for Furnishing Inaccurate Particulars Issue Whether a penalty levied under Section 271(1)(c) of the Income-tax Act, 1961 (Section 439 of the Income-tax Act, 2025) is legally sustainable when the satisfaction recorded in the assessment order was for “furnishing inaccurate particulars of income,” but the show-cause… Read More »