New User / Register | Annual Subscription | SMS Option | Feedback |
Login: Stay
| Forget Password |
Tax Management India .com
             
TMI - Tax Management India. Com

Home Case Index 2012 (9) TMI Income Tax Tri Income Tax + Tri
← Previous Next →

User Login
Username  
Password  
Stay sign in     
New User / Registeration    -    Forget / Lost password

Subscribe Annual Package


Assistant Commissioner of Income Tax, Circle 43(1), New Delhi. Versus Neenu Datta, - 2012 (9) TMI 232 - ITAT, DELHI - Income Tax

Penalty u/s 271(1)(c) business income or capital gain - AO treat the gain as short term capital gain and initiated penalty proceeding u/s 271(1((c) - Assessee accepted the decision of the AO and went with the tax authorities by not contesting the issue and by paying the tax as required by the AO Held that - merely making a wrong claim in the return of income cannot a ground for imposing penalty u/s 271(1)(c) of the Act as it neither amounts to furnishing inaccurate particulars nor amounts to con........



 

what is new what is new


© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.