Where the assessee for one reason or the other agrees or surrenders certain amounts for assessment, the imposition of penalty solely on the basis of the assessee’s surrender will not be well-founded.

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Excerpt:Where the assessee for one reason or the other agrees or surrenders certain amounts for assessment, the imposition of penalty solely on the basis of the assessee's surrender will not be well-founded. Depending upon the facts and circumstances of each case, the court has to decide whether penalty is justified. It is always for the … Continue reading Where the assessee for one reason or the other agrees or surrenders certain amounts for assessment, the imposition of penalty solely on the basis of the assessee’s surrender will not be well-founded.

C I T Ajmer vs M/S Rajasthan Vanaspati Products

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Rajasthan High Court - Jodhpur C I T Ajmer vs M/S Rajasthan Vanaspati Products ... on 23 July, 2013 1 IN THE HIGH COURT OF JUDICATURE FOR RAJASTHAN AT JODHPUR :JUDGMENT: D.B. INCOME TAX APPEAL NO.46/2005 Commissioner of Income Tax, Ajmer Vs. Rajasthan Vanaspati Products Pvt. Ltd., Bhilwara Date of Judgment :: 23rd July, 2013 … Continue reading C I T Ajmer vs M/S Rajasthan Vanaspati Products