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HC imposes Cost of Rs. 5 Lakh on Assessee for Misleading the Court
Case Law Details
- Case Name
- Indus Towers Ltd. Vs ACIT (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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Indus Towers Ltd. Vs ACIT (Delhi High Court)
The issue raised is that of gross suppression and misstatement by the petitioner, which led to a false projection of the outstanding liability/ refund due from/ to the petitioner.
It is pointed out by Mr. Raghvendra Singh that the petitioner was required to file a consolidated return in respect of the merged entity i.e. the petitioner, which was filed by the petitioner for the assessment year 2011-12.
The petitioner had, in the said return, computed the net taxable income (loss) as Rs.(–)1 1,977,945,558/-. The assessment order c...
