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2012 (7) TMI 407 - AT - Income TaxLevy of penalty u/s 271(1)(c) - Additions to income on rejecting assessee's claim on amount paid to the ROC on account of fee and stamp duty amounts as revenue expenditure - Held that:- As decided in CIT Versus NALWA SONS INVESTMENTS LTD.[2010 (8) TMI 56 (HC)] that the income of the assessee has ultimately been determined under sec. 115JB and no addition or adjustment has been made by the Assessing Officer in the computation of book profit meant for section 115JB - if ultimate tax is levied on book profit under sec. 115JB then any changes made in the computation of income of an assessee under the regular assessment would be an irrelevant factor for imposing the penalty - in favour of assessee.
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