Penalty for Concealment of income u/s 271C ::

Court :
HC

Brief :
Held by the court that the assessee was in confusion regarding percentage to be deducted from the different classess of customers. On being clarified,the assessee has deducted the remaining amount and deposited the same therefore it does not amount to concealment on part of assessee

Citation :
Penalty for Concealment of income u/s 271C C.I.T. Vs. Senior Accounts Officer, Madhya Pradesh

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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