Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (1) TMI 805 - HC - Income TaxPenalty u/s 271AAA - Held that:- It is found that the difference between the disclosed income and the assessment was very meagre - There was no material to indiciate that the assessee has not disclosed the proper income - The assessee had offered to show an additional income of 1.21 crores to avoid unnecessary controversy in the matter - The Tribunal came to a finding that the imposition of penalty was bad in law - Decided against Revenue.
|