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Case Law Details

Case Name : Fahmida International Vs ACIT (ITAT Cuttack)
Related Assessment Year : 2008-2009
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Fahmida International Vs ACIT (ITAT Cuttack)

Conclusion: Penalty leviable u/s.271AAA was 10% of the concealed income whereas under section 271(1)(c), the penalty was leviable at 100% of the tax sought to be evaded, therefore, the claim of AO that show cause notice had been issued under both under section 271AAA and section 271(1)(c) was not correct and it was not a typographical error.

Held: In the instant case, assessees filed  the appeal against the ord

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