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Penalty u/s. 271 (1) c

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Querist : Anonymous (Querist)
16 July 2014 penalty attracted u/s. 271 (1) C for non disclosure of agriculture income in IT Return. i.e. not consider for tax calculation purpose but same is accepted in assessment. can AO leavy penalty u/s. 271 (1) C ????
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 July 2014 yes as there is no true and full disclosure as required.....................................

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