Case Law Details
Case Name : DCIT Vs Heera Constructions Co. (P.) Ltd. (ITAT Cochin)
Related Assessment Year :
Courts :
All ITAT ITAT Cochin
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RELEVANT PARAGRAPH
5. Provisions of section 158BFA(2), which is applicable in this case are as under:
“The Assessing Officer or the CIT(Appeals) in the course of any proceedings under this Chapter, may direct that a person shall pay by way of penalty a sum which shall not be less than the amount of tax leviable but which shall not exceed three times the amount of tax so leviable in respect of the undisclosed income deter
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