Supreme Court · 2007 INSC 649 · Decided 18 May 2007
Sri T. Ashok Pai v. Commissioner of Income Tax, Bangalore
- Court
- Supreme Court of India
- Citation
- 2007 INSC 649 · [2007] 7 S.C.R. 556
- Case number
- CIVIL APPEAL No. 2747/2007
- Decided
- 18 May 2007
- Bench
- S.B. SINHA, MARKANDEY KATJU (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 271(1)(C)
Headnote
ASHOK PAI ~ v. COMMISSIONER OF INCOME TAX, BANGALORE MAY 18, 2007 B (S.B. SINHA AND MARKANDEY KA TJU, Jl] fa Income Tax Act, I96I: y c s. 27 I (J)(c)-Filing of revised returns by assessee furnishing of all requisite particulars when asked for better particulars of investment-Penalty for constitute a deliberate act of suppressio veri or suggestio falsi-Also not a case where penalty has D been imposed for breach of contravention of commercial statute-Thus, order .of High Court that penalty under section 271 (1)(c} was exigible, set aside. .. s. 271 (J)(c) explanation 1
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