THE COMMISSIONER OF INCOME TAX vs. M/S BPL SANYO FINANCE LTD
In the result, the appeal filed by the revenue is
ITA/652/2006HC Karnataka11 Sept 2013
Bench: The Tribunal Was Arising From The Order Dated 4Th June 2004 Passed By The Commissioner Of Income Tax (Appeals) Bangalore (For Short “The
Section 115JSection 133Section 139Section 139(5)Section 143(1)Section 143(3)Section 260ASection 271Section 271(1)Section 271(1)(c)
271(1) (c) of the Act is legally
sustainable in the light of the fact, which surfaced in the
survey under Section 133-A of Act, that claim of 100%
depreciation made by the respondent-assessee was not
only false but was made in respect of non-existent goods,
and that penalty is liable to be levied not only
