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2019 (2) TMI 352 - AT - Income TaxPenalty u/s.271(1)(c) - survey action u/s.133A - additional income offered during survey action was incorporated in the books of account and filed the return of income within the due date specified under the Act - Held that:- We find, the assessee in the present case, filed the return of income u/s.139(1) offering the additional income disclosed during the survey action u/s.133A of the Act and the AO accepted the same u/s.143(3). AO did not make any addition. Under such circumstances, it is amply clear that there is no concealment of furnishing of inaccurate particulars which warrants imposition of penalty. We, therefore, concur with the arguments of ld. AR on this very issue. Further, we perused the decisions relied on by the ld. AR. Case of CIT Vs. SAS Pharmaceuticals [2011 (4) TMI 888 - DELHI HIGH COURT] to be followed. - Decided in favour of assessee.
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