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Submitting inaccurate claim would not amount to giving inaccurate particulars, Penalty can not be imposed U/s. 271(1)(c)
Case Law Details
- Case Name
- Commissioner of Income Tax Vs Brahmaputra Consortium Ltd. (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Submitting inaccurate claim would not amount to giving inaccurate particulars, Penalty can not be imposed Under Section 271(1)(c) of the Income Tax Act,1961.
CIT Vs Brahmaputra Consortium Ltd (Delhi High Court)- When the assessee accepts the excess depreciation claimed inadvertently and the same being disallowed by the AO, penalty u/s 271(1)(c) is not warranted in such a case.
Commissioner of Income Tax Vs Brahmaputra Consortium Ltd.
Decided by – Delhi High Court
ITA No. 1582 of 2010
Judgement reserve on: 12.07.2011
Judgement delivered on: 03.08.2011
A.K. SIKRI, J.
1. The penalty imposed ...
