2006 (8) TMI 595

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..... Tribunal, Delhi Bench SMC in ITA No. 5571/Delhi/2004 for the assessment year 1995-96. 2. The assessee was earlier in the business of advertisement activities of various cigarette products and also concerned with garment manufacturing and sale. During the previous year relevant to the assessment year in question, the assessee started a business of restaurants and film distributorship and carr .....

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..... e issue and even if it was ultimately decided against the assessee, it could not be said that the assessee had attempted to conceal the particulars of his income or furnish inaccurate particulars so as to attract the penal provisions of section 271(1)(c). 6. After hearing learned counsel for the parties, we are of the view that there is no question of the assessee having attempted to conceal th .....

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