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2016 (11) TMI 457 - HC - Income TaxPenalty u/s 271(1)(C) - Surrender of a claim - amnesty to the assessee against the penalty - whether there been no scrutiny in the case, there would have been no question of any surrender by the assessee? - Held that:- There is no allegation on record which suggests that the assessee had made any incorrect, erroneous or false details in his returns, which would result in invitation of the penalty under section 271(1)(C) of the Act. The court below have recorded that no inaccurate particulars were furnished by the assessee and the penalty has been deleted on account of the fact that the provision of section 271((1)(C) of the Act were not attracted in the case. - Decided in favour of assessee
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