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2014 (5) TMI 351 - ITAT AHMEDABADPenalty u/s 271(1)(c) of the Act – Concealment of income – Difference between income declared u/s 153A and u/s 139(1) of the Act – Held that:- Relying upon CHIRAG HARMANBHAI PATEL Versus DEPUTY COMMISSIONOER OF INCOME TAX CIRCLE-1 [2014 (1) TMI 441 - ITAT AHMEDABAD] - there was no force in the contention of the assessee that the AO has not given any specific finding whether the penalty has been levied on the concealment of particulars of income or furnishing of inaccurate particulars of income - The AO has given a finding that assessee has committed a default u/s 271(1)(c) of the Act in concealing the particulars of its income – Decided against Assessee.
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