[aaykarbhavan] Concealment penalty couldn't be imposed merely because ITAT confirmed quantum of additions made by AO

Concealment penalty couldn't be imposed merely because ITAT confirmed quantum of additions made by AO

April 19, 2014[2014] 44 taxmann.com 32 (Agra - Trib.)

IT : In course of penalty proceedings, findings recorded in quantum proceedings can be referred to and relied upon, but then confirmation of quantum addition by itself, cannot be reason enough for imposing concealment penalty under section 271(1)(c)

 

Regards

Prarthana Jalan

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