COMMISSIONER OF INCOME-TAX versus RAMANUJAM THARNPI
The concealment of the vineyard with the Income Funds to cover Germany in which they were partners is shown individually as the seller of the vineyard, it is not shown as an asset. In the books of accounts, Assyria's agricultural profits are credited with the income of the vineyard, with the increase in income from the vineyard, giving it the color of agricultural income, so that under the Income Tax Act No tax can be imposed because fines can be canceled by the Income Tax Act, not by income tax. The vineyard of Lakha belongs to the Assisi and there is no justification for canceling the penalties of the Indian Income Tax Act, 1961, section 271 (1) (c).
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