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2017 (5) TMI 1112 - HC - Income TaxPenalty u/s 271(1)(c) - ITAT deleted penalty - Held that:- What weighed with the ITAT was that there was no actual concealment of income or furnishing of inaccurate particulars of income by the Assessee. The Assessee was found to have made a few claims which are found not allowable. That, by itself, could not lead to an inference as regards the concealment of income. The view taken by the ITAT based on the decision of the Supreme Court in Commissioner of Income-tax, Ahmedabad v. Reliance Petroproducts P. Ltd. [2010 (3) TMI 80 - SUPREME COURT] is a plausible view to be taken. No substantial question of law.
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