Deputy Commissioner of Income-tax Versus Purti Sakhar Karkhana - Income Tax - ITAT NAGPUR - Tri - Penalty imposed under section 271(1)(c) In the assessment year 2006-07, originally return was filed showing a loss of Rs. 16,86,25,367 while the return under section 153A was filed on December 23, 2008 reducing the loss to Rs. 15,66,37,622 due to less claim of depreciation on the revised figures of capital work-in-progress as capitalised during the year - Held that - Action under section 132 was t................................... Income Tax - Case Laws
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