| Citation(s) |
|---|
| 2009 SLG 1145 2009 SLD 1145 (2009) 313 ITR 397 (2009) 184 TAXMAN 372 |
Supreme Court of India
CIVIL APPEAL No. 6438 OF 2008, NOVEMBER 3, 2008
S.H. KAPADIA AND B. SUDERSHAN REDDY, JJ.
Raghunath Basant, Ranbir Chandra and B.V. Balaram Das for the Appellant.
CIVIL APPEAL No. 6438 OF 2008, NOVEMBER 3, 2008
S.H. KAPADIA AND B. SUDERSHAN REDDY, JJ.
Raghunath Basant, Ranbir Chandra and B.V. Balaram Das for the Appellant.
Commissioner of Income Tax
v.
R.M.P. Plasto (P.) Ltd.
Law:
Section:
Section 271(1)(c) of the Income-tax Act, 1961 - Penalty - For concealment of income - Department levied penalty upon assessee for concealment of income under section 271(1)(c) because positive income of assessee was reduced to nil after allowing set-off of carried forward losses of earlier years - Whether in view of decision of Supreme Court in case of CIT v. Gold Coin Health Food (P.) Ltd. [2008] 304 ITR 308/ 172 Taxman 386 , department was justified in levying penalty - Held, yes CASE REVIEW CIT v. Gold Coin Health Food (P.) Ltd. [2008] 304 ITR 308/ 172 Taxman 386…
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in /home/digixyei/sldsystempk.com/view/master-layout/view_case.php on line 492