Concealment penalty justified if assessee filed return belatedly only after survey conducted on him by Deptt.: HC

INCOME TAX : Where assessee had filed its return belatedly only after a survey was conducted upon him and not established reasonable cause for non-submission of his returns within time prescribed under section 153(1), impugned penalty under section 271(1)(c) levied upon it was justifiedINCOME TAX : Where assessee had filed its return belatedly only after a survey was conducted upon him and not established reasonable cause for non-submission of his returns within time prescribed under section 153(1), impugned penalty under section 271(1)(c) levied upon it was justifiedwww.taxmann.com Latest Case LawsRead More

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