Supreme Court · 1979 INSC 142 · Decided 3 August 1979
Brij Mohan v. Commissioner of Income Tax, New Delhi
- Court
- Supreme Court of India
- Citation
- 1979 INSC 142 · [1980] 1 S.C.R. 199
- Case number
- TAX REFERENCE CASE No. 15/1975
- Decided
- 3 August 1979
- Bench
- P.N. BHAGWATI, R.S. PATHAK (2-judge bench)
- Outcome
- Reference answered
- Case type
- Tax
- Acts & sections cited
- Income Tax Act Section 257, 271
Headnote
lncon1e Tax Act, 1961, Section 271 (1) (c) (iU) as a1nended -by Finance Act 1968-Scope of. Section 271(1)(c)(iii) provided that where the Income Tax Officer had reason to believe that the assessee had concealed particulars of his income or furnished inaccurate particulars of such income he may payable by the assesSee \Vhich shall not be less than twenty per cent but \Vhich shall not exceed. one and a half times the amount of the tax. The Finance Act 1968, '""hich came into effect from April 1, 1968, enhanced the penalty- to a sum which shall not be less than, but which shall
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