A mere omission or negligence would not constitute a deliberate act of suppressio veri or suggestio falsi for imposition of penalty

Astra Housing & Investment P. Ltd Vs CIT (Delhi HC)- The crux of the ratio of above decisions is that a  mere omission or negligence would not constitute a deliberate act of suppressio veri or  suggestio falsi. In order to be covered within the proviso of clause (c) of sub-Section (1)

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