2011 (4) TMI 648

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..... ed by the Tribunal levying penalty in respect of the stamp duty and registration charges which was not disclosed in the returns filed by him. The explanation offered by the assessee was that he had sufficient income, he is an individual and he is not expected to file the schedule showing these particulars and there was no intention to avoid payment of tax. In fact, after being pointed out that he .....

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..... is explanation that he was innocent and he was not aware of the legal requirement cannot be accepted. The three fact finding authorities on consideration of the said request have held that it would not constitute a ground not to levy penalty and finally, they have levied the penalty. In the facts of this case, we are satisfied that the authorities were right in levying the penalty. According, we d .....

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