ITO, Ward-25(3), Delhi Versus Shri Prakash Narain Singh - Income Tax - ITAT DELHI - Tri - Penalty u/s 271(1)(c) - addition on account of Deemed dividend u/s 2(22)(e) - whether amounts to concealment of income - Held that - The assessee has taken the amount for meeting normal business transaction and travelling and other expenses - The assessee s explanation that the addition was on account of deeming provision of which he was not aware is sufficiently cogent - The assessee s contention that no m................................... Income Tax - Case Laws
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