2011 (4) TMI 648

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..... culars and there was no intention to avoid payment of tax - assesses is a mining contractor He has purchased the property and got it registered - His returns did not disclose the source from which the registration charges was drawn - Though he is an individual and he is not expected to maintain accounts showing the current assets and liabilities, income etc., his explanation that he was innocent a .....

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..... tax. In fact, after being pointed out that he has to pay tax as well as interest, he has paid the same and hence, in those circumstances, levying penalty cannot be sustained. 2. The materials on record show that the assesses is a mining contractor running his business in the name of Sun Minerals at Chikkanayakanahalli. He has purchased the property and got it registered. The registration charge .....

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