Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1990 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1990 (10) TMI 97 - ITAT AHMEDABADExtract: .......bove it must follow that assessee had concealed that income. In all cases where the evidence in support of the assessee s case in worthless his explanation would not be accepted. The penalty is imposed not because the explanation is not accepted but because the evidence is worthless. Therefore, the ITO s order is restored. 8. The appeal is allowed.
|