Penalty U/s 271(1)(C)
Last updated: 05 September 2009
Court :
P&H HC
Brief :
Penalty under section 271(1)(c)-Concealment-Addition to income based on estimate basis-Where in a case there is nothing on record to substantiate that there was failure on part of assessee to return correct income penalty under section 271(1)(c) cannot be sustained
Citation :
CIT v. Iqbal Singh & Co. (2009) 28 (I) ITCL 468 (P&H-HC)
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Venkat Rao Marella
Published in Income Tax
Views : 6407
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