INCOME TAX : SLP dismissed against impugned order of High Court holding that where assessee did not disclose about sale of lands and windmill in return of income and it was only when AO, on basis of information received from Registration Department, issued notice under section 143(2), that assessee, for first time stated that due to inadvertence, it did not disclose particulars relating to capital gains, it was a clear case for levying penalty under section 271(1)(c)INCOME TAX : SLP dismissed against impugned order of High Court holding that where assessee did not disclose about sale of lands and windmill in return of income and it was only when AO, on basis of information received from Registration Department, issued notice under section 143(2), that assessee, for first time stated that due to inadvertence, it did not disclose particulars relating to capital gains, it was a clear case for levying penalty under section 271(1)(c)www.taxmann.com Latest Case LawsRead More
