11,441 results for “disallowance”+ Section 271(1)(c)clear
Sorted by relevance
Key Topics
Showing 1–20 of 11,441 · Page 1 of 573
In the result, the assessee's appeal is allowed
Bench: Shri R. K. Panda & Shri Vinay Bhamore
disallowance does not wipe out the finding that the assessee had treated even the remission of interest liability which was clearly taxable under section 41(1) as a capital receipt and excluded it from the computation of income. This constitutes furnishing of inaccurate particulars of income, attracting the provisions of section 271(1)(c