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Raising a legal claim, even if it is ultimately found to be legally unacceptable, cannot amount to furnishing of inaccurate particulars of income.
Case Law Details
- Case Name
- Equest India Pvt. Ltd. Vs. ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 1999- 2000
- Courts
- All ITAT, ITAT Mumbai
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DECIDED BY: ITAT, MUMBAI `C’ BENCH, MUMBAI, IN THE CASE OF: Equest India Pvt. Ltd. Vs. ITO, APPEAL NO: ITA No. 1548/Mum/06, DECIDED ON June 25, 2010
RELEVANT PARAGRAPH
ORDER
Per Pramod Kumar:
1. The short issue that we are required to adjudicate in this appeal is whether or not the CIT(A) was justified in upholding the penalty of Rs. 6,39,040 imposed on the assessee under section 271(1)(c) of the Income Tax Act, 1961. The assessment year involved is 1999-2000.
2. The issue in appeal lies in a very narrow compass of facts. The assessee is a company engaged in the business of, inter alia, ...
