alleryStart learning →The penalty for concealment under section 271(1)(c) ranges over
A50 to 100 percent
B100 to 300 percent
C25 to 75 percent
D200 to 400 percent
Answer & Solution
Correct answer: B. 100 to 300 percent
Section 271(1)(c) penalties range from 100 to 300 percent of the tax evaded.
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