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3 results for “penalty u/s 271”+ Long Term Capital Gainsclear

Sorted by relevance

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Key Topics

Section 271(1)(c)11Section 1484Capital Gains3Long Term Capital Gains3Penalty3Addition to Income2

M/S. JOSEPH GEORGE & CO.,,PATHANAPURAM vs. THE ITO, KOLLAM

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

ITA 323/COCH/2016[1996-97]Status: DisposedITAT Cochin19 May 2017AY 1996-97

Bench: S/Shri Abraham P. George, Am & George George K., Jm

Section 143(3)Section 147Section 148Section 271(1)(c)

long term capital gains or short term capital gains. Therefore the assessee had furnished inaccurate particulars of income and there is a deliberate intent to conceal income. In the facts and circumstance of the case, we are of the view that the penalty levied u/s. 271

THE ITO, COCHIN vs. SRI.AMBADY KRISHNA MENON, COCHIN

In the result, appeal of the Revenue is dismissed and the Cross Objection filed

ITA 4/COCH/2017[2011-12]Status: DisposedITAT Cochin23 Aug 2019AY 2011-12

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 139(1)Section 148Section 271(1)(c)

penalty imposed, which are distinguishable from the facts of the assessee's case. 2.2 The learned CIT(Appeals) erred in not appreciating the fact that the assessee had not offered the correct long term capital gains on transfer of equity shares in the original return of income filed by him for A.Y.2011-12 on 30/07/2011. 2.3 The Learned CIT(Appeals) erred

SRI.K.RAJAGOPAL MENON,COCHIN vs. THE DCIT, ERNAKULAM

ITA 486/COCH/2016[2008-09]Status: DisposedITAT Cochin29 Jan 2018AY 2008-09

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

For Appellant: Sri. George JosephFor Respondent: Sri. A.Dhanaraj, Sr.DR
Section 271(1)(c)

long term capital gains by showing FMV as on 01.04.1981 on a exaggerated amount and had falsely claimed payment of brokerage to the tune of Rs.10 lakh. According to the Assessing Officer, this was a deliberate attempt on the part of the assessee to evade tax and such concealment was liable for penalty u/s 271