Commissioner of Income Tax Versus M/s. Gem Granites - Income Tax - MADRAS HIGH COURT - HC - Cash found during search Penalty u/s 271(1)(c) - Held that - Following Union of India and Ors vs. Dharmendra Textiles Processors Ors., 2008 (9) TMI 371 - SUPREME COURT OF INDIA 2008 306 ITR 277 There has to be concealment of the particulars of the income of the assessee and the assessee must have furnished inaccurate particulars of his income - Mere making of a claim, which is not sustainable in................................... Income Tax - Case Laws
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