Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (3) TMI 156 - HC - Income TaxPenalty - Concealment of income - Addition in respect of excessive expenses which remained unsupported/ substantiated and were not found to be genuine - mere fact that the assessee could not furnish evidence in support of the expenses claimed, was not by itself enough to hold that the assessee had furnished incorrect particulars of income consciously - Substantial part of the expenses claimed was duly explained by the assessee - In the present case, the Tribunal has analysed the facts and held that the assessee could not be held to have consciously given inaccurate particulars - penalty not to be imposed.
|