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1984 (1) TMI 25 - RAJASTHAN HIGH COURT
Extract:
.......on its part and the assessee-firm could not be held to be guilty of conscious concealment of income while filing the original return in December, 1961. In that view of the matter, the second question is also answered in the negative, as we hold that the levy of penalty under s. 271(1)(c) was not justified in the facts and circumstances of the case.