S. 271(1)(c) of Income Tax not attractable when Assessee fully disclosed particulars in Returns filed: Calcutta HC dismisses Petition [Read Order]

The Court held that penalty under section 271(1)(c) of the act not attract since the assessee fully disclosed the particulars in the return of income

By Yogitha S. Yogesh - On September 2, 2024 11:14 am - 2 mins read

Calcutta High Court - Income Tax - Income Tax Act - Calcutta HC - Income Tax petition - taxscan

The Calcutta High Court held that Section 271(1)(c) of Income Tax Act, 1961 is not attractable when assessee fully disclosed particulars in returns filed and dismissed the petition. The revenue, filed appeal under section 260(A) of the Income Tax Act, 1961, challenging the order dated 30.11.2023, passed by the Income Tax Appellate Tribunal (ITAT) for the…

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