Supreme Court · 2012 INSC 422 · Decided 25 September 2012
Price Waterhouse Coopers PVT. LTD. v. Commissioner of Income Tax, KOLKATA-1 and ANR.
- Court
- Supreme Court of India
- Citation
- 2012 INSC 422 · [2012] 8 S.C.R. 849
- Case number
- CIVIL APPEAL No. 6924/2012
- Decided
- 25 September 2012
- Bench
- S.H. KAPADIA, MADAN B. LOKUR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 139(6A), 271(1)(c)
Headnote
849 PRICE WATERHOUSE COOPERS PVT. LTD. v. COMMISSIONER OF INCOME TAX, KOLKATA-1 AND ANR. (Civil Appeal No. 6924 of 2012) SEPTEMBER 25, 2012 [S.H. KAPADIA, CJI AND MADAN B. LOKUR, J.] INCOME TAX ACT, 1961: A B c s.271(1)(c) read with s.40A(7) - Penalty proceedings - Computation error - Provision u/s 40A(7) suggest that it was a bona fide D and inadvertent computation error, as the ass~ssee while submitting its return, failed to add the provision for gratuity to its total income - It cannot be said that the assessee is guilty of either furnishing inaccurate particulars or attempting to
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