Income Tax - Case Law - Kamal Kant Jain Versus A. C. I. T. C-3(1) Chandigarh 2013 (9) TMI 7 - ITAT CHANDIGARH

Penalty u/s 271(1)(c) of the Income Tax Act Gift received from the foreign friends of the assessee - Assessee has received two credit entries in the bank account of the assessee amounting to Rs. 1 lakh and Rs. 5,46,575/-.......... Income Tax - Case Law