Case Law Details
Case Name : SLV Housing Development Corporation Vs ACIT (ITAT Bangalore)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Bangalore
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SLV Housing Development Corporation Vs ACIT (ITAT Bangalore)
Under Section 271(1)(c), two faults or omissions exposes the assessee to concealment penalty i.e. concealment of particulars of income and furnishing inaccurate particulars of such income. The assessee has admitted before the AO that the new auditor appointed, had pointed out certain mistakes in the expenses claimed by the assessee and submitted the revised computation correcting the wrong claim work-in-progress as expenditure. This fact is being confirmed by the A
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Regards,
Jagadish Ambardekar