Penalty only on Income determined by AO in excess of Income in return filed U/s. 158BC

By Editor4 Income Tax Judiciary September 20, 2001

Case Name: CIT Vs. Shri. C. Najeeb (Kerala High Court)
Appeal Number: Only available for paid members
Date of Judgement/Order: Only available for paid members
Related Assessment Year: Block Period 01/04/1995 TO 20/09/2001
Courts: All High Courts, Kerala High Court

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Advertisement CIT Vs. Shri. C. Najeeb (Kerala High Court) Explore the Kerala High Court judgment in CIT vs. Shri. C. Najeeb regarding penalty on income determined under Section 158BC of the Income Tax Act. Discover key questions of law, such as whether the Tribunal’s decision to levy income tax on 15% of total receipts is correct. Dive into the intricacies of assessment and penalty proceedings, including insights on undisclosed income, civil liability, and the interpretation of Section 158BFA. Uncover the court’s findings, providing clarity on the computation of undisclosed inco...

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