Concealment of Income u/s 271(1)(c)
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2010
A transporter has claimed depreciation in respect of lorries @ 40% while it is admissible @ 30% for FY 2007-08. Can this amount to be concealment of income.
Plz Provide solutions
Plz Provide solutions
03 February 2010
filing inacurate particulars of income also covered under section 271 (1) (c) . Plead mens reaand take benefit of earlier rate of tax when the dep. rate is 40%.
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