Madras H.C : The Tribunal has held that the conduct of the assessee was bona fide and the mere fact that the additional income was declared by filing a revised return would not by itself warrant an inference that the assessee had deliberately concealed the income, with the consequence of being penalised.

High Court Of Madras

CIT vs. S.S. Karuppasamy & Sons

Sections 260A, 271(1)(c)

Asst. Year 1987-88

R. Jayasimha Babu & K. Gnanaprakasam, JJ.

TC Appeal No. 472 of 2000

16th July, 2001

Counsel Appeared

Mrs. Chitra Venkataraman, for the Revenue

JUDGMENT

R. JAYASIMHA BABU, J. :

The Tribunal has held that the conduct of the assessee was bona fide and the mere fact that the additional income was declared by filing a revised return would not by itself warrant an inference that the assessee had deliberately concealed the income, with the consequence of being penalised. No question of law requiring any consideration arises. We seen no ground to interfere with the order of the Tribunal. The appeal is, therefore, dismissed. No. costs.

[Citation : 254 ITR 591]