HC accepted assessee’s plea that book-keeping staff posted wrong entry due to voluminous transactions; deleted penalty

INCOME TAX : Where penalty under section 271(1)(c) imposed on assessee for furnishing inaccurate particulars of dividend income was deleted by Tribunal on ground that assessee had voluminous transactions and that on same security, dividends were received at two distinct dates, however, error crept in as book-keeping staff posted both entries of dividend to same date,INCOME TAX : Where penalty under section 271(1)(c) imposed on assessee for furnishing inaccurate particulars of dividend income was deleted by Tribunal on ground that assessee had voluminous transactions and that on same security, dividends were received at two distinct dates, however, error crept in as book-keeping staff posted both entries of dividend to same date,www.taxmann.com Latest Case LawsRead More

Leave a Reply