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Mere rejection of Books of A/c and estimation of Profit cannot be ground for concealment penalty
Case Law Details
- Case Name
- Commissioner of Income Tax- 1 Vs Whitelene Chemicals (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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HIGH COURT OF GUJARAT
Commissioner of Income-tax
versus
Whitelene Chemicals
TAX APPEAL NO. 496 OF 2012
JANUARY 15, 2013
ORDER
Akil Kureshi, J.
Revenue is in appeal against the judgement of the Income Tax Appellate Tribunal (“the Tribunal” for short) dated 3.2.2012 raising following question for our consideration :
“Whether on the facts and circumstances of the case, the Hon’ble Tribunal has erred in law in cancelling penalty of Rs. 32,67,643/- levied under Section 271(1)(c) of the Act by the Assessing Officer and confirmed by the learned CIT(A) on addition of Rs. 36,7...
