Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (5) TMI 438 - ITAT, MUMBAIPenalty u/s 271(1)(c) - It is quite evident that the appellant had made wrong claim of deduction in respect of commission intentionally and inspite of a number of opportunities given to the appellant by the A.O. the said claim was not withdrawn suo-moto - As per the evidence before us in this case, we have to draw the inference that it was a deliberate or conscious attempt on the part of the assessee to manipulate the book result by passing the false entry of 'commission payment' to evade the tax. Admittedly, as per the reply filed by the assessee to the A.O. it was contended that the assessee has paid the commission to M/s. KAP Ltd. and only after investigation was started by the A.O. through DDI (Invt), New Delhi, assessee came forward claiming innocence and stated it was a bona fide mistake - Decided against the assessee
|