Case Law Details
Case Name : Rukmani Engineering Works Vs DCIT (ITAT Raipur)
Appeal Number : ITA No. 81/RPR/2014
Date of Judgement/Order : 21/01/2025
Related Assessment Year : 2008-09
Courts :
All ITAT ITAT Raipur
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Rukmani Engineering Works Vs DCIT (ITAT Raipur)
ITAT Raipur held that penalty under section 271(1)(c) of the Income Tax Act justifiable since no plausible explanation provided for amount of understated/ suppressed net profit. Accordingly, appeal dismissed and penalty upheld.
Facts- The assessee firm which is enga
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