Case Law Details
Case Name : Dy. Commissioner of Income Tax Vs Sushma devi Agarwal (ITAT Kolkata)
Related Assessment Year : 2004- 2005
Courts :
All ITAT ITAT Kolkata
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When assessee declares higher profits in its revised return filed after detection of concealment, penalty u/s 271(1)(c) is warranted
DCIT, Kolkata Vs Sushma Devi Agarwal (ITAT Kolkata)- Assessee has failed to establish that disclosure of additional income in the revised return by way of declaring G. P. rate at 15% as against 6.93% shown in return filed u/s. 153A of the Act was voluntary and in good faith to buy peace with the department. On the other hand, Please become a Premium member. If you are already a Premium member, login here to access the full content.
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Amit , pl see this order