Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (2) TMI 289 - HC - Income TaxPenalty - Income escaping assessment - Bogus or genuine gift - The revenue had approached this Court by filing ITA No. 356 of 2006 (Commissioner of Income Tax, Karnal v. Sh. Subhash Mittal) - Held that: the alleged gift from NRE, Sh. Sanjeev Gupta was not a genuine gift, Once that is so, the only conclusion is that the assessee had furnished inaccurate particulars of his income and the order of the Tribunal deleting penalty is unsustainable in law - Decided against the assessee
|