No concealment penalty as assessee didn’t suppressed facts if he offered only part of sale consideration to tax

INCOME TAX: Where assessee sold a plot of land and received sale consideration in three instalments and during relevant assessment year, assessee offered to tax only amount of consideration which was received during previous year, since assessee had declared full facts and sale agreement at first instance and assessee had never suppressed any material fact from revenue,INCOME TAX: Where assessee sold a plot of land and received sale consideration in three instalments and during relevant assessment year, assessee offered to tax only amount of consideration which was received during previous year, since assessee had declared full facts and sale agreement at first instance and assessee had never suppressed any material fact from revenue,www.taxmann.com Latest Case LawsRead More

Leave a Reply