TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>High Court dismisses reference application under Income-tax Act, upholds penalty set aside for recovered money</h1> The High Court of Madhya Pradesh dismissed an application for reference under section 256(2) of the Income-tax Act, 1961. The court upheld the decision to ... Assessment, Concealment, Penalty The High Court of Madhya Pradesh dismissed an application for reference under section 256(2) of the Income-tax Act, 1961. The court upheld the decision to set aside the penalty imposed on the assessee for declaring recovered money as income for a different assessment year. The Tribunal did not commit any error in accepting the income for the current year and dismissing the penalty. The application was dismissed as no question of law arose.
TaxTMI 
TaxTMI 
