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2019 (1) TMI 745 - AT - Income TaxPenalty u/s 271(1)(c) - exemption claimed u/s 11 has been denied - Held that:- In the present case, the simple fact is that the exemption claimed by the assessee u/s 11 has been denied, which denial has been confirmed by the CIT also. Now, denial of exemption claimed cannot, by any stretch of imagination, be said to amount to either concealment of particulars of income or furnishing of inaccurate particulars thereof. Department has not been able to refute this position. CIT(A) cannot be said to have erred in observing that denial of exemption cannot be considered within the purview of Section 271(1)(c). Accordingly, finding no error in this regard in the impugned order, the same is confirmed and the grievance sought to be raised by the Department is rejected as without merit. - Decided against revenue.
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