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Making wrong claim is not concealment or furnishing of inaccurate information
Case Law Details
- Case Name
- ITO Vs. Parikh Investment & Development P. Ltd. (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005- 06
- Courts
- All ITAT, ITAT Mumbai
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Making a wrong claim is not at par with concealment or giving of inaccurate information, which may call for levy of penalty under section 271(1)(c)
ITAT, BENCH `C’, MUMBAI,
ITO Vs. Parikh Investment & Development P. Ltd.,
ITA No. 4760/Mum/2009 ,
May 7, 2010
_______ORDER_______
Per D.K. AGARWAL (JM).
This appeal preferred by the revenue is directed against the order dated 11.6.2009 passed by the ld. CIT(A) for the Assessment Year 2005-06.
2. Briefly stated facts of the case are that the assessee company is engaged in the business of development and construction. It filed return declaring ...
