Snita Transport Pvt. Ltd. v. Assistant Commissioner of Income Tax

42 Taxmann.com 54High Court2014#2607 most cited

What is Snita Transport Pvt. Ltd. v. Assistant Commissioner of Income Tax authority for?

Penalty under Section 271(1)(c) for concealment of income or furnishing inaccurate particulars is justified where an assessee discloses additional income after a departmental survey operation has detected irregularities, such as bogus expenditure, compelling the disclosure.

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judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2017 to 2025.

Also referred to as

Snita Transport Pvt. Ltd. v. ACIT · Section 271(1)(c) penalty · concealment of income · furnishing inaccurate particulars · disclosure after survey · revised return after detection · Section 133A survey · justification of penalty

Issues it is cited on

Judgments citing Snita Transport Pvt. Ltd. v. Assistant Commissioner of Income Tax

R.S. TRADELINK PVT.LTD.,SURAT vs. THE ACIT.,CIRCLE-4,, SURAT

In the result, the appeal filed by the assessee is allowed

ITA 2130/AHD/2014[2008-09]Status: DisposedITAT Surat04 Feb 2021AY 2008-09

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.2130/Ahd/2014 ("नधा"रणवष" / Assessment Year: (2008-09) (Virtual Court Hearing) M/S. R.S. Tradelink Pvt. Ltd., Vs. The Assistant Commissioner Plot No.17, Magdalla Port Road, Of Income Tax, Circle-4, Surat. Magdalla, Surat-395007. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aabcr6607A (Assessee) (Respondent)

For Appellant: Shri Rasesh Shah - CAFor Respondent: Shri Ritesh Mishra - CIT (DR)
Section 143(3)Section 271Section 271(1)Section 271(1)(c)Section 274

…IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, JM & DR. A. L. SAINI, AM आयकरअपीलसं./ITA No.2130/AHD/2014 ("नधा"रणवष" / Assessment Year: (2008-09) (Virtual Court Hearing) M/s. R.S. Tradelink Pvt. Ltd., Vs. The Assistant Commissioner Plot No.17, Magdalla Port Road, of Income Tax, Circle-4, Surat. Magdalla, Surat-395007. "थायीलेखासं./जीआइआरसं./PAN/GIR No.: AABCR6607A (Assessee) (Respondent) Assessee by : Shri Rasesh Shah - CA Respondent by : Shri Ritesh Mishra - CIT (DR) सुनवाईक"तार"ख/ Date of Hearing : 17/12/2020 घोषणाक"तार"ख/Date of Pronouncement : 04/02/2021 आदेश / O R D E R PE…

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