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2013 (7) TMI 173 - HC - Income TaxPenalty u/s 271(1)(c) - concealment of income - Held that:- Assessing Officer in the order of penalty also did not come to a clear finding regarding penalty being imposed on concealment of income or on furnishing inaccurate particulars of income. Even otherwise in the order in original of the assessment or in the penalty order, being the original order of assessment, the Assessing Officer had come to the conclusion that for want of suppling sufficient material by the assessee, the claim of commission cannot be accepted. He had not come to any definite finding that the claim was not genuine or totally bogus. - Decided in favour of assessee.
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