https://www.taxtmi.com/caselaws?id=351613 A belated correction of a false income-tax claim, made only after the Assessing Officer raised a specific query, did not negate liability or establish absence of mens rea. The court found that the assessee had ample opportunity to disclose the error earlier or file a revised return, but did not do so. On that factual record, the plea that the incorrect depreciation entry was a mere clerical or inadvertent accounting mistake was rejected, and the conviction was held to be reasoned and free from infirmity. The challenge to the conviction therefore failed under Sections 266C and 277 of the Income-tax Act, 1961. en-us Thu, 23 Nov 2017 00:00:00 +0530 Tue, 28 Nov 2017 07:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351613 A belated correction of a false income-tax claim, made only after the Assessing Officer raised a specific query, did not negate liability or establish absence of mens rea. The court found that the assessee had ample opportunity to disclose the error earlier or file a revised return, but did not do so. On that factual record, the plea that the incorrect depreciation entry was a mere clerical or inadvertent accounting mistake was rejected, and the conviction was held to be reasoned and free from infirmity. The challenge to the conviction therefore failed under Sections 266C and 277 of the Income-tax Act, 1961. Case-Laws Income Tax Thu, 23 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351613