The Commissioner of Income tax-9, Mumbai v. Paramount Apparels Pvt. Ltd
[Citation -2014-LL-1008-36]
Citation | 2014-LL-1008-36 |
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Appellant Name | The Commissioner of Income tax-9, Mumbai |
Respondent Name | Paramount Apparels Pvt. Ltd. |
Court | HIGH COURT OF BOMBAY |
Relevant Act | Income-tax |
Date of Order | 08/10/2014 |
Assessment Year | 2004-05 |
Judgment | View Judgment |
Keyword Tags | deletion of penalty • substantial question of law • concealment of income • furnishing inaccurate particulars of income |
Bot Summary: | Mr. P.C. Tripathi i/by Mr. A.K. Jasani for the respondent. By the impugned order dated 31st January, 2012, the Tribunal upheld the deletion of penalty. In deleting the penalty levied by the Assessing Officer, the Commissioner of Income tax, Mumbai and the Tribunal held that merely because the assessee s claim is rejected by the Assessing Officer does not mean that a penalty has to be levied. The Tribunal s order does not raise any substantial question of law. The Tribunal has found that the assessee has not concealed the income or filed inaccurate particulars pertaining thereto. |