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1971 (9) TMI 50 - ALLAHABAD HIGH COURTWhether on the facts and in the circumstances of the case, the Tribunal was right in holding that the Inspecting Assistant Commissioner's order imposing penalty under section 274(2)/271(1)(c) was valid - In the instant case, as we are of opinion that there is no material to show that the assessee consciously concealed the particulars of its income or deliberately furnished inaccurate particulars of such income, we must hold that the Tribunal was not right in maintaining the penalty imposed by the Inspecting Assistant Commissioner. The question referred is answered in the negative
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