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2006 (7) TMI 165 - HC - Income TaxSubstantial question of law - Penalty imposed u/s 271(1)(c) - concealment of income and furnishing of inaccurate particulars - HELD THAT:- In our view, the Assessing Officer as well as the Appellate Tribunal having come to the conclusion that the assessee had filed the initial return dishonestly with a view to conceal the income and the revised return was filed out of compulsion, i.e., after having found that the assessee had concealed the income and filed a false return with a view to avoid tax liability, in our view, no substantial question/s of law arises in this case either in the manner formulated on behalf of the assessee in the memorandum of appeal or otherwise. Whether there is concealment of income or not has to be decided with reference to the facts of a given case and the fact-finding authorities under the Act having come to the conclusion that in the facts of the case, the assessee had concealed the income initially with a view to avoid the payment of tax, we are of the view that no substantial question of law is involved in this case requiring the admission of the appeal. Consequently, the same is hereby dismissed.
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