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2009 (7) TMI 30 - HC - Income TaxInitiation of Penalty Proceedings – Section 271(1)(C) – concealment of particulars - Contention that the penalty was liable to be set aside on account of CIT (A) describing the action of the assessee as “showing inaccurate particulars, while the Assessing Officer described the same as “concealing the particulars” cannot be upheld. - The observations of the CIT (A) are also in the context of concealing and mere fact that mention of inaccurate particulars was also made, did not make any difference. – Penalty is leviable – Decision of supreme court in the matter of UOI Vs. Dharamendra Textile Processors [2008 -TMI - 31520 - SUPREME COURT] followed.
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