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2014 (8) TMI 421 - HC - Income TaxPenalty u/s 271(1)(c) – Contravention of section 43B – Deduction only on actual payment – Held that:- The assessee-society was functioning under the control of Ministry of Human Resource Development - The amounts relating to leave encashment and gratuity being claimed as deduction was not paid before the closing of the financial year and it were disallowed u/s 43B of the Act - the assessee had not deliberately claimed wrong deduction and furnished inaccurate particulars of income - once full particulars had been given in the return which were not found to be incorrect, it could not be said that the assessee had filed inaccurate particulars - Decided against Revenue.
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