Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (5) TMI 709 - DELHI HIGH COURTScope and benefit of amnesty scheme of 1986 – Penalty u/s 271(1)(c) of the Act or u/s 273(2)(a) of the Act – Held that:- The claim for investment allowance and depreciation which was otherwise inadmissible, the assessee surrendered the amount on 25.3.1987 - It is perhaps possible to take either view as to whether the assessee in the circumstances of the case in fact, surrendered the amounts after detection, which would of course justify the penalty - the Tribunal in its earlier order have concluded that the penalty was not justified u/s 273 (2) could not have, without distinguishing that reasoning, upheld the penalty u/s 271 (1) (c) – Decided in favour of Assessee.
|