Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2003 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (6) TMI 438 - AT - Income TaxExtract: .......ome by the Assessing Officer because simply asking the assessee to produce the creditor cannot be termed as detection of undisclosed or concealed income. 8. In view of the above, the order of the CIT(A) whereby he had upheld the levy of penalty of income of Rs. 61,260 is therefore set aside. 9. In the result, the assessee rsquo s appeal is allowed.
|