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2005 (7) TMI 35 - GUJARAT HIGH COURT
"Whether the Appellate Tribunal is right in law and on facts in deleting the penalty levied under section 271(1)(c) on the ground that there cannot be any question of concealment of income when there is no income?" - The question referred is, therefore, answered in the affirmative, i.e., in favour of the assessee and against the Revenue only to the extent of upholding the Tribunal's order that it was justified in deleting the penalty levied under section 271(1)(c) of the Act