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Penalty applicable in case of failure to disclose fully or truly all particulars of income
Case Law Details
- Case Name
- Shyourajsingh B Chauhan Vs. ACIT (ITAT Ahemdabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2002- 03
- Courts
- ITAT Ahmedabad
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Penal provision of section 271(1)(c) would operate when there is a failure to disclose fully or truly all the particulars of income
ITAT AHMEDABAD BENCH
Shyourajsingh B Chauhan Vs. ACIT
ITA No. 523/Ahd/2008
Date- May 31, 2010
ORDER
A N Pahuja: This appeal by the assessee is di rected against an order dated 24-12-2007 of the ld. CIT(Appeals) -VI I , Ahmedabad, upholding penalty of Rs.5,52,040/- levied u/s 271(1)(c) of the Income-tax Act,1961[hereinafter referred to as the `Act’]
2. Facts, in brief, as per relevant orders are that return declaring income of Rs.19,72,930/...
