Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (3) TMI 644 - ITAT JODHPURExtract: .......led any explanation. This is a case of non-substantiating explanation by producing those persons from whom the loans were taken, otherwise assessee has filed all other details, which in our considered view proved that this is not a case of concealed income. Accordingly we cancel the levy of penalty. In the result, appeal of the assessee is allowed.
|