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Income Tax | Penalty U/s 271(1)(c) Not Leviable on Section 50C Deemed Addition: ITAT Mumbai

29 Sept 2026 · 29 Sept 2026By CA Sandeep KanoiSource: TaxGuru

ITAT Mumbai deletes Section 271(1)(c) penalty where capital gain addition arose solely from deemed sale consideration under Section 50C. The post Penalty U/s 271(1)(c) Not Leviable on Section 50C Deemed Addition: ITAT Mumbai appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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