M/S SHREE RAJMOTI INDS.,,RAJKOT-GUJARAT vs. THE A. C.I.T., CIRCLE-2(1),, RAJKOT-GUJARAT
In the result, the appeal filed by the Assessee is hereby allowed
ITA 172/RJT/2019[2013-14]Status: DisposedITAT Rajkot27 Sept 2023AY 2013-14
Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)
Section 10(34)Section 271Section 271(1)(c)
158]
"S. 271 (1) (C) penalty cannot be imposed even for making unsustainable claims".
(1) S.271 (1) (C) applies where the assesses "has concealed the particulars of his income furnished inaccurate particulars of such income". The present was not a case of concealment of the income.
As regards the furnishing of inaccurate particulars, no information given in the return
