Court :
ITAT, DELHI BENCH ‘H’ : NEW DLEHI
Brief :
When the assessee has made a particular claim in the return of income and has also furnished all the material facts relevant thereto, the disallowance of such claim cannot automatically lead to the conclusion that there was concealment of particulars of his income by the assessee or furnishing of inaccurate particulars of such income and once it is so established, the assessee cannot be held liable for payment of concealment penalty under section 271(1)(c).
Citation :
Mahavir Irrigation Pvt. Ltd.
v.
CIT (A)
ITA NO. 3720/Del/2005
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