Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (2) TMI 168 - ALLAHABAD HIGH COURTPenalty - assessee claimed that he did not receive any income on the advance deposit - explanation has not been accepted by the Department - provisions of Section 271 (1) (c) of the Act are not attracted - Merely because the assessee has claimed the expenditure, which claim was not accepted or was not acceptable to the Revenue, that itself would not attract the penalty under Section 271 (1) (c) of the Act - no penalty under the aforesaid Section could be levied on the assessee – Appeal allowed
|