Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2013 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (12) TMI 1000 - ITAT CHENNAIPenalty u/s 271(1)(c) – Held that:- The assessee filed return of income on 26.2.2009 which was a valid return u/s 139(4) - No material has been brought on record by the Revenue to show that any income was concealed by the assessee in the return of income filed for the year under consideration - The assessee filed only one return for the year under consideration and the income shown therein was found correct on assessment - No difference in the tax on this returned income and the tax on the assessed income - No penalty u/s 271(1)(c) of the Act is legally tenable – Decided in favour of assesse.
|