Court Rules Excessive Wastage Claim Inaccurate, Invokes Penalty u/s 271(1)(c) for Concealing Income Details.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Penalty - excessive claim of wastage - The additions made, to the extent confirmed by this Court, definitely leads to a finding of inaccurate particulars having been furnished which would enable invocation of Section 271(1)(c).....