Penalty u/s 271(1)(c) on voluntry Surrunder of Income in the absense of any detection by revenue is not sustainable

0 comments Thursday, November 3, 2011
Delhi High Court has held in CIT Vs Harnarain that   surrender of the amount by the Assessee after receipt of the questionnaire could not lead to an inference that it was not voluntary, in the absence of any material on record to suggest that it was bogus or untrue. It is further evident that there was neither any detection nor any information in the possession of the Revenue which might lead to a conclusion that there was a detection by the Revenue of concealment.
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