Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (12) TMI 680 - ITAT DELHIPenalty u/s 271(1)(c) - assessee failed to produce clinching evidence to justify claim of various expenditure - HELD THAT:- As observed, the assessee contested the additions/disallowance made by the Assessing Officer by filing an appeal before Commissioner (Appeals). However, the appeal was ultimately withdrawn. Essentially, assessee accepted the additions / disallowances made by the AO. Neither before AO nor before Commissioner (Appeals) the assessee was able to furnish any reasonable explanation to demonstrate that there is no deliberate attempt to either conceal the income or furnish inaccurate particulars of income. The aforesaid factual position remains unaltered before us. Keeping in view the concurrent finding of the Departmental Authorities in the assessment and penalty orders, which the assessee has failed to rebut by leading proper evidence before us, we are inclined to uphold the decision of learned Commissioner (Appeals). Grounds raised are dismissed.
|