1992 (10) TMI 34 - HC - Income Tax

Summary

The High Court of Rajasthan dismissed the Department's appeal for imposing a penalty under section 273(2)(a) of the Act. The Tribunal did not find concealment of income due to the small amount involved, following precedents that reference should not be made for petty amounts. The Court distinguished between false returns under section 271 and false estimates under section 273 related to advance tax. The appeal was rejected.