DCIT, CIRCLE 22(2), NEW DELHI, NEW DELHI vs. SAHIL VACHANI, DELHI

Appeal of the Revenue stands dismissed

Bench: Shri Mahavir Singh, Vice Presdient (), Shri Vikas Awasthy& Shriavdhesh Kumar Mishraआअसं.2604/िद"ी/2023(िन.व. 2016-17)

15. The Hon’ble Supreme Court in the case of MAK Data P. Ltd 358 ITR 593held that Under Explanation 1 to section 271(1)(c) of the Act, voluntary disclosure of concealed income does not absolve assessee of rigours of section 271(1)(c) of the Act if the assessee fails to offer an explanation which is bona fide

A2Z INFRA ENGINEERING LIMITED,GURGAON vs. DCIT CC-2 , FARIDABAD

In the result, the appeal of the assessee is allowed