Saturday 7 September 2013

No concealment penalty if wrong claim made by assessee was giving arise to question of law

IT: Where a claim is held by High Court to give rise to a substantial question of law, then there cannot be an allegation of furnishing of inaccurate particulars or concealment of particulars of income in relation to such a claim so as to attract levy of penalty under section 271(1)(c)


No comments:

Post a Comment