Case Law Details
Case Name : ITO Vs GACL Finance Ltd. (ITAT Mumbai)
Related Assessment Year : 1997- 1998
Courts :
All ITAT ITAT Mumbai
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RELEVANT PARAGRAPH
6.1 The proceedings under section 271(1) (C) can be initiated only if the A.O or the first Appellate authority is satisfied in the course of any proceedings under the Act. If he is satisfied as per clause (c) that any person has concealed the particulars of his income or has furnished inaccurate particulars of such income, he may direct that such person shall pay by way of penalty the sum mentioned in sub-clause (iii) of clau
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