Commissioner of Income-tax, Coimbatore v. R. Sasirupa
[Citation -2019-LL-1003-71]
| Citation | 2019-LL-1003-71 |
|---|---|
| Appellant Name | Commissioner of Income-tax, Coimbatore |
| Respondent Name | R. Sasirupa |
| Court | HIGH COURT OF MADRAS |
| Relevant Act | Income-tax |
| Date of Order | 03/10/2019 |
| Assessment Year | 2007-08 |
| Judgment | View Judgment |
| Keyword Tags | inaccurate particulars • suppression of facts • levy of penalty • monetary limit • tax effect |
| Bot Summary: | 03.10.2019 in TC(A) No.737 of 2019 Commissioner of Income Tax v. R.Sasirupa questions of law: 1. Whether on facts and circumstances of the case, the Tribunal was right in holding that the Commissioner of Income Tax has erred in confirming the addition made by the assessing officer towards deferred income 2. Whether based on the material available before the Tribunal, the Tribunal could have come to the conclusion that there was no willful or deliberate suppression of facts or any inaccurate particulars furnished by the assessee 3. Whether on the facts and circumstances of the case, the Tribunal was right in holding that for levy of penalty, there should be a willful or deliberate suppression of facts or furnishing of inaccurate particulars of income 2. 03.10.2019 in TC(A) No.737 of 2019 Commissioner of Income Tax v. R.Sasirupa filed/pursued by the Department before the High Court in cases where the tax effect does not exceed Rs.1,00,00,000/-. In the instant case, the tax effect is said to be less than the monetary limit imposed and the Appeal filed by the Revenue is dismissed as withdrawn, keeping open the substantial questions of law for determination in appropriate cases. |