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Income Tax Officer vs Madan Lal on 13 September, 2002 cites

Income-Tax Officer vs Moti Ram Subhash Chand Jain on 9 March, 1988

In ITO v. Moti Ram Subhash Chand Jain (1988) 27 ITD 44 (Del), Tribunal Delhi has held that penalty for concealment cannot be imposed in respect of cash credit added to assessee's income due to want of evidence produced by assessee to the satisfaction of ITO. It has also been held therein that no penalty can be levied in respect of addition made to assessee's income on the basis of statement when these amounts were mentioned in the returns filed by assessee and no deletion (sic) of concealment was made by ITO in respect of them after filing of return. It was also held that this was not a case where return was raised on the detection of concealment or after the assessee felt driven to the wall.
Income Tax Appellate Tribunal - Delhi Cites 4 - Cited by 8 - Full Document
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