Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (2) TMI 239 - HC - Income TaxPenalty - Assessee claimed a certain amount as business expenditure incurred on education of one Varun on basis of a written agreement - there is any material to this effect available on the record that the said agreement was false - assessee had not claimed the expenditure intentionally and deliberately in order to evade the tax liability - therefore, in view of above fact, CIT (Appeals) has rightly deleted the penalty - No substantial question of law is involved – revenue appeal dismissed
|