Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2013 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (12) TMI 201 - ALLAHABAD HIGH COURTConcealment of income - Held that:- It appears from the order passed by the AO that there are no losses of earlier years which the assessee has set off against its income - All the returns filed by the assessee in earlier years have either been treated as non-est or the losses if any have already been set off - The assessee has furnished the false information pertaining to the income and thereby is liable to levy the tax on the amount of Rs.29,91,572/-. Thus, concealment is willful and the assessee has also furnished the inaccurate details of the income – The AO had examined and verified the issue regarding earlier years. There was no loss in the earlier year, which was supposed to be carried forward - The assessee has failed to bring any material on record to prove that losses were carried forward from the earlier years - There was malafide intention on furnishing the false particular – Following CIT vs. Ananthan Chattier [2003 (12) TMI 12 - MADRAS High Court] - The burden always lies with the assessee to prove that there was no concealment – Decided in favour of Revenue.
|