48 results for “capital gains”+ Section 6(1)(c)clear
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In the result, all the appeals filed by the assessee are allowed and copy of common order passed is to be placed on respective case files
Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]
6,52,94,920/- and also initiated penalty proceedings u/s.271(1)(c) read with explanation 5A of the Act. The AO passed penalty order u/s.271(1)(c) on 30.06.2017 and levied penalty of Rs.16,74,935/- being @100% of tax sought to be evaded. The penalty was levied on enhanced income of Rs.20,500/ (being the difference in the original