Penalty under 11AC


Last updated: 21 October 2008

Court :
Supreme Court

Brief :
Revenue wins major battle in Apex Court; Central Excise - Mandatory Penalty - Section 11AC - No discretion to reduce penalty; Income Tax - Sec 271(1)(c) - penalty is civil liability and wilful concealment is not essential ingredient for attracting civil liability like in case of prosecution u/s 276C

Citation :

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