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 1155 - AT - Income TaxPenalty u/s 271(1)(c) – Held that:- The assessee could not produce supporting evidence/vouchers before the AO to substantiate the claim of expenses - The absence of any explanation or evidence/vouchers to support the claim of the assessee is nothing but false claim/bogus claim of the assessee - This amounts to furnishing wrong particulars of claim as assessee has claimed expenses which have not been substantiated by any document could not be established that claim was genuine - Assessee has concealed its income by claiming expenses which could not be found to be genuine – Decided against assessee.
|