Friday, April 3, 2020

Penalty to be levied only when it is proved that income was concealed or inaccurate particular was furnished: HC

INCOME TAX : Burden of proof in penalty proceedings vary from that in assessment proceedings and findings in assessment proceedings would not automatically be adopted in penalty proceedings; in penalty proceedings revenue authorities have to arrive at independent finding related to 'concealment of income' or 'inaccurate particular'

from www.taxmann.com Latest Case Laws https://ift.tt/3dP3ali
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