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Penalty justified if Assessee manipulates its accounts so as to reduce its profits
Case Law Details
- Case Name
- Sanghvi Swiss Refills (P.) Ltd. Vs Assistant Commissioner of Income Tax (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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HIGH COURT OF BOMBAY
Sanghvi Swiss Refills (P.) Ltd.
Versus
Assistant Commissioner of Income-tax
IT APPEAL NO. 250 OF 2011
NOVEMBER 20, 2012
JUDGMENT
M.S. Sanklecha, J.
This Appeal under Section 260A of the Income Tax Act 1961 (the Act) challenges the order dated 14th May, 2010 of the Income Tax Appellate Tribunal (the Tribunal) upholding penalty under Section 271 (1)(c) of the Act relating to the assessment year 1989-90.
2. Being aggrieved by order dated 14th May 2010, the Appellant has formulated the following questions of law for consideration of this Court:
(A) Whether on the facts and i...
