[aaykarbhavan] Re:penalty u/s 271 (1) (c)

The assessee is having a SOP in Mumbai and one more house in Pune being occupied by assesee's parents. During course of 143 (3) the AO has considered deemed income on second house and has initiated for penalty u/s 271 (1) (c) for non disclosure of income on second house property. The house has already been declared only the deemed income was not offered for income tax as the same was occupied by assesee's parents. Please give me reference of case laws to reply for penalty proceedings

s.d.athale

mumbai

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Posted by: sunil Athale <sdathale@gmail.com>

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