SH. SUKHWINDER SINGH,LUDHIANA vs. ITO, LUDHIANA
In the result, the appeal of the assessee is partly allowed
ITA 372/CHANDI/2017[2010-11]Status: DisposedITAT Chandigarh29 Oct 2018AY 2010-11
Bench: Us Challenging The Levy Of Penalty Both On Legal Ground As Well As On Merits Of The Case :
For Appellant: Shri Salil Kapoor, AdvFor Respondent: Shri J.K. Garg, CIT DR
Section 143(3)Section 250Section 271Section 271(1)(c)Section 274Section 40
Section 194C rws 40(a)(ia) which the assessee did not shown in his Profit & Loss
Account as receipts.”
By not showing his gross receipts, the assessee is guilty of concealment and furnishing of inaccurate particulars of income.
Penalty proceedings u/s 271
