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Where the assessee discloses all the facts truly, no penalty can be levied for concealment of income – Bombay HC
Case Law Details
- Case Name
- The Metal Rolling Works Ltd. V/s. 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
The Metal Rolling Works Ltd. V/s. Commissioner of Income Tax
Bombay High Court
INCOME TAX APPEAL (LOD) NO. 966 of 2011
DATED: 11TH OCTOBER, 2011
JUGMENT (PER J.P. DEVADHAR, J.)
1. Heard. The appeal is admitted on the following (re-framed) question of law :-
“ Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in upholding the penalty of Rs. 3,44,40,616/- levied on the appellant under Section 271(1)(c) of the Income Tax Ac t, 1961 ? ”
2. By consent of the parties, the appeal is taken up for final hearing.
3. The assessment year involved h...
