Concealment penalty cannot be imposed merely on ground that Tribunal disallowed the expenditure

Penalty under section 271(1)(c) – Leviability-Expenditure claimed by assessee disallowed by Tribunal-Concealment penalty cannot be imposed merely on the ground that Tribunal disallowed the expenditure claimed by the assessee.

(2011) 37 (I) ITCL 352 (Del-HC)

CIT Vs. Krishna Maruti Ltd.

Counsel: Mr Sanjeev Sabharwal, Adv., for the Appellant q Mr Piyush Kaush

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