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Penalty under section 271C

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  • Penalty under section 271C

    CBDT issued revised and updated guidance for implementation of transfer pricing provisions.

    CBDT issued instruction on framing of scrutiny assessments in cases of assessee engaged in the business of mining.

    Penalty under section 271C exigible if delay in remittance of TDS for unreasonable cause. (Kerala High Court) [Classic Concept Home India Private Limited vs CIT ]

    Bad debts can be claimed in subsequent assessment years even if bad debts write off in earlier years (Calcutta High Court ) [Duncan International Limited. vs. CIT.]

    Bank of Baroda invite applications for empanelment for Concurrent Audit.
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