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Non or Inaccurate Submission of Assets bills makes Assessee liable to penalty u/s. 271(1)(c)
Case Law Details
- Case Name
- Clariant Chemicals India Ltd. Vs Assistant Commissioner of Income-tax, 1(1) (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2003-04
- Courts
- ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘C’
Clariant Chemicals India Ltd.
v/s.
Assistant Commissioner of Income-tax, 1(1)
IT APPEAL NO. 7184 (MUM.) OF 2010
[ASSESSMENT YEAR 2003-04]
MAY 18, 2012
ORDER
Rajendra, Accountant Member – Following Grounds of Appeal were filed by the appellant in the appeal preferred against the Order dt. 31-05-2010 of the CIT(A), Mumbai.
“On the facts and circumstances of the appellant’s case and in law, the learned Commissioner of Income Tax (Appeals) has erred in confirming penalty u/s. 271(1)(c) in respect of :
(i) Addition u/s....
