Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2007 (2) TMI 147 - SC - Income Tax
Penalty - AO imposed penalty u/s 271(1)(c) on the ground of concealment or furnishing inaccurate particular but assessee contended that penalty only sustained if there is positive income - Even after addition there is no positive income and penalty set aside as per ITA,1961(prior to the amendment in 2002)
