Ajoy Sharma v.Dy. CIT (2024)114 ITR 702/232 TTJ 81 (UO) (Trib)(Jaipur)

S. 271(1)(c) : Penalty-Concealment-Reassessment-No difference between returned income and assessed income-Penalty is not leviable. [S. 139(4), 148]

Held  that  there was no difference between the assessee’s assessed income and returned income, there is  no concealment of income or providing of inaccurate particulars of income on final assessment. Levy of penalty is not justified.  (AY.2012-13 to 2016-17)

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