In the absence of clear finding as to concealment of income furnishing inaccurate particulars, initiation of penalty proceedings will be without jurisdiction

CASE LAWS DETAILS

DECIDED BY: ITAT, MUMBAI BENCH `D’, MUMBAI

IN THE CASE OF: Rajesh C. Gandhi Vs. ITO, APPEAL NO: ITA No. 3158/M/2009, DECIDED ON March 9, 2010

RELEVANT PARAGRAPH

8. We have heard the learned representatives of the parties and perused

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