2013 (2) TMI 220

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....by the Income Tax Appellate Tribunal, Hyderabad Bench-A, Hyderabad in I.T.A. No. 230/Hyd/2009, relevant for the assessment year 2004-05. 2. The assessee is a renowned professional international tennis player. She filed her return of income for the assessment year 2004-05 declaring a total income of Rs. 94,605/. Along with her return of income, she filed a statement of affairs wherein she disclos....

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....ount as taxable income and levied the tax accordingly. 6. However, in addition to levying tax, the Assessing Officer decided to impose penalty of Rs.10,14,582/- on the ground that the assessee had furnished inaccurate particulars of her income and concealed her income. 7. The view of the Assessing Officer was upheld by the Commissioner of Income Tax (Appeals). On further appeal, the Tribunal was....

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....ed inaccurate particulars of income. The admitted position is that the amount of Rs.30,63,310/- was shown by her in the return. That being the position, it cannot be said that there was any concealment. There is no dispute about the fact that the amount was correctly mentioned and therefore, there is also nothing inaccurate in the particulars furnished by her. The only error that seems to have bee....