MAYANK SINGH MEHRA,NAINITAL vs. ITO, NAINITAL
In the result, the Appeal of the assessee is allowed
ITA 100/DDN/2019[2010-11]Status: DisposedITAT Dehradun23 Nov 2023AY 2010-11
Bench: Shri Kul Bharat & Shri M Balaganesh[Assessment Year : 2010-11] Mayank Singh Mehra V Ito Oak Over Cottage, Mallital, S Nainital Nainital, Uttarakhand Uttarakhand Pan: Abipm5085E Appellant Respondent Appellant By Sh. Sharad Kumar Vishnoi, Adv Respondent By Sh. A. S. Rana, Sr. Ld. Dr Date Of Hearing 22.11.2023 Date Of 23.11.2023 Pronouncement
Section 27(1)Section 271(1)(c)
section 27(1) Income Tax Act.
1961 categorically states that penalty would be livable if the assessee conceals particulars of his Income or furnishes Inaccurate particulars thereof. But by reason of such concealment of furnishing of inaccurate alone, the assessee does not ipso facto becomes liable for penalty.
Imposition of penalty is not automatic. Not only is the levy
