INCOME TAX : Where assessee did not disclose about sale of lands and windmill in return of income and it was only when AO, on basis of information received from Registration Department, issued notice u/s 143(2) that assessee, for first time stated that due to inadvertence, it did not disclose particulars relating to capital gains, it was a clear case for levying penalty u/s 271(1)(c)INCOME TAX : Where assessee did not disclose about sale of lands and windmill in return of income and it was only when AO, on basis of information received from Registration Department, issued notice u/s 143(2) that assessee, for first time stated that due to inadvertence, it did not disclose particulars relating to capital gains, it was a clear case for levying penalty u/s 271(1)(c)www.taxmann.com Latest Case LawsRead More
