Penalty for Concealment of income u/s 271C ::
Last updated: 07 September 2007
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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CA.Saibaburao Nanduri
Published in Income Tax
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