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2012 (12) TMI 212 - BOMBAY HIGH COURTPenalty u/s 271(1)(c) - Service Charges - furnishing of inaccurate particulars - concealment of Income - on the basis of certain documents found during search which has no connection with the Appellant - Expenses/payments were made through a debit note raised to reduce the taxable profits of the appellant - held that:- Tribunal has reached a finding of fact that the appellant had filed inaccurate particulars regarding its income by showing false/exaggerated expenses - provisions of Section 271(1)(c) of the Act stand attracted - Making of a claim on admitted/disclosed facts is different from filing false/inaccurate particulars - details furnished by the appellant were found to be inaccurate leading to a concealment of income on the part of the appellant - no fault with the order of the Tribunal dated 14th May, 2010 upholding penalty u/s 271(1)(c) of the Act upon the appellant - no substantial question of law arises - appeal is dismissed with no order as to costs.
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