Manoj Kumar Singhal v. Commissioner of Income-tax, Rohtak
[Citation -2015-LL-0212-47]
Citation | 2015-LL-0212-47 |
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Appellant Name | Manoj Kumar Singhal |
Respondent Name | Commissioner of Income-tax, Rohtak |
Court | HIGH COURT OF PUNJAB & HARYANA |
Relevant Act | Income-tax |
Date of Order | 12/02/2015 |
Judgment | View Judgment |
Keyword Tags | imposition of penalty • concealment of income • capital account • question of law • quantum appeal • evade tax • genuineness of transaction • identity of donor |
Bot Summary: | The appellant challenges order dated 11.03.2014, passed by the Income Tax Appellate Tribunal Delhi Bench 'E', New Delhi,, affirming the imposition of penalty under Section 271(1)(c) of the Income Tax Act, 1961. Counsel for the appellant submits that the penalty is not warranted as all relevant facts were disclosed to the assessing officer. The gifts declared by the appellant were shown in the 1 of 3 ::: Downloaded on - 02-12-2017 14:17:30 ::: ITA-324-2014 2 accounts books. Admittedly, the appellant claimed a gift of Rs.2 lacs from one Sh. Sunil Kumar Garg. The order of assessment has attained finality with dismissal of the quantum appeals filed by the appellant. The appellant pleaded that he did not conceal anything as the gifts were duly shown in the accounts books and in the capital account filed before the assessing officer. An appraisal of the facts reveals that the appellant claimed that one Sh. Sunil Kumar Garg had gifted Rs. 2 lacs but when called upon to prove the genuineness of the transaction or the identity of the donor, could not prove the genuineness of the transaction or even the identity of the donor. |