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271(1)(c) - ITAT Ahmedabad - Rustom Sorab Medora vs. ITO


It was incumbent upon the AO to come to a positive finding as to whether there was concealment of income by the assessee or whether any inaccurate particulars of such income had been furnished by the assessee. If no such clear-cut finding was reached by the AO, the order of penalty passed by the AO was liable to be struck down.

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