36 results for “penalty u/s 271”+ Section 14(3)clear
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The appeal is partly allowed and the substantial questions of
Bench: : The Hon’Ble The Chief Justice T.S. Sivagnanam & The Hon’Ble Justice Chaitali Chatterjee (Das) Dated : 7Th March, 2025. Appearance:
14,94,407/- on sale of shares of penny stock M/s. Sulabha Engineering Ltd. falsely claimed by the assessee as Long- Term Capital Gains exempt u/s. 10(38) of the IT Act, 1961 ? ii) Whether on the facts and in the circumstances of the case, the Hon’ble ITAT was justified in holding that stricter proof of culpability is missing