Supreme Court · 2004 INSC 65 · Decided 28 January 2004
K.C. Builders and ANR. v. The Assistant Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 2004 INSC 65 · [2004] 1 S.C.R. 1134
- Case number
- CRIMINAL APPEAL No. 212/1998
- Decided
- 28 January 2004
- Bench
- B.N. AGRAWAL, AR. LAKSHMANAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Criminal
- Acts & sections cited
- IPC; CrPC Section 401; Income Tax Act Section 271(J)(c), 271, 27l(l)(c)(iii), 271(1)(c)
Headnote
Income Tax Act, 1961: Section 271 (J)(c)-A Ys 1983-84 to 1986-87-Concealment of income­ C Prosecution for-Imposition of penalty-Assessee engaged in the business of construction and sale of flats submilled original ret11rns-S11bsequent/y, assessee submilled revised retums based on approved original and revised returns as concealed income and levied penalty-Therea.fier, complai/1/s against assessee D were filed before Magistrate-ITAT held that there was no concealment of income and cancelled the penalty-Assessing authority gave effect to /TAT's order-ITAT's order not challenged and
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