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2010 (11) TMI 84 - DELHI HIGH COURT
Penalty – concealment of income – Contractor – Total Bills raised against Municipality disclosed but sums deducted by Municipality not shown in gross receipt – Matter in dispute and High court finally holding against assessee – Not a case of concealment – Not a case of change of method of accounting from mercantile to cash
Penalty – concealment of income – appeal to Appellate Tribunal – Findings in appeal from Assessment not binding – Tribunal to examine material afresh and decide whether penalty for concealment or furnishing inaccurate particulars justified