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2010 (7) TMI 849 - HC - Income TaxWhether the assessee had concealed particulars of income in respect of enhanced compensation received by the assessee for acquisition of his land under the provisions of Land Acquisition Act, 1894? Held that:- The judgment of the Hon'ble Supreme Court in Ghanshayam's case (2009 (7) TMI 12 - SUPREME COURT) is dated 16.7.2009 while the assessment in question is of the year 1998-99 and the assessment was completed on 14.1.2007. Penalty was levied on 22.5.2007. This being the position, the assessee could not have any intention to suppress the taxable income as held by the CIT(A) as well as ITAT. No substantial questions of law arises.Accordingly, these appeals are dismissed.
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