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2012 (12) TMI 117 - ITAT DELHIPenalty u/s 271(1)(c ) – alleged that assessee was indulging in suppressing the information from theme wedding parties which includes design and layout for the functions, implementation and coordination of weddings etc. - alleged that for various events the assessee as per the diary has shown that certain amounts were received which are not correctly reflected in the books of accounts the issue qua the non-reliability and non-reconciliation of the figures is already concluded in the quantum proceedings – Held that:- Consistently the assessee has not been able offer any explanation as to how the amounts can be reconciled and has merely chosen to take a general argument that the entries as per the books are higher than as per the diary whereas consistently the A.O.’s finding has been upheld that the assessee has been in the habit of suppressing the receipts - appeals of the assessee are dismissed
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