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2012 (5) TMI 122 - HC - Income TaxPenalty under Section 271 (1)(c) - revised return surrendering the amount due to mistake committed by the Accountant, was a case of concealment of particular of income and to be added to its income as extra profit – Held that:- No illegality in the order of the Tribunal - concealment of income and furnishing inaccurate particulars of income was surfaced by the AO only then Rs.1,00,000/- was surrendered, after availing multiple opportunities of filing revised returns - Suffice it to say that the Tribunal has found that the concealment has been detected by the Assessing Officer and the same forced the assessee to file the revised return – against assessee.
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