ITAT Upholds the Penalty Order u/s 271of Income Tax Act due to Concealment of Particular of Income by Assessee [Read Order]

By Ipsita Das - On September 28, 2023 9:30 am - 2 mins read

ITAT - Penalty - Income Tax Act - Income Tax - Concealment - Concealment of Particular of Income by Assessee - ITAT Upholds the Penalty - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that at the time of assessment Assessing Officer (AO) observed concealment of income for which proceedings under Section 271(1)(c) of the Income Tax Act, 1961 was initiated. The assessee Amandeep Singh Sran filed original return of income declaring total taxable income of Rs. 21,12,940 for…

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Topics

Assessing Officer Commissioner of Income Tax (Appeals)G.S.Pannu ITAT Delhi Penalty section 271(1)(C) of the Income Tax Act