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2022 (12) TMI 878 - AT - Income TaxPenalty us/ 271(1)(c) - assessee understated its income by claiming excessive depreciation on dumpers, tata 207, truck, excavator, drilling machine & water Tank - HELD THAT:- Penalty confirmed by the ld. CIT(A) holding that the assessee had deliberately and intentionally not disclosed the true and correct income and had furnished inaccurate particulars of income with the intention to evade tax. Thus the ld. CIT(A) sustained the penalty u/s 271(1)(c) of the Act. The Bench has gone through the entire case of the assessee but found that the assessee could neither substantiate its case nor controvert the findings of the lower authorities. In this situation, we have no other alternative except to concur with the findings of the ld. CIT(A). Thus the appeal of the assessee is dismissed
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