81 results for “penalty u/s 271”+ Section 6(1)(iii)clear
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In the result, the appeals filed by the Revenue are allowed
Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. Nos.368-373/Coch/2017 Assessment Years : 2005-06 To 2010-11 The Deputy Commissioner Of Vs. Shri Sinkaram Chettiar, Income-Tax, Central Circle-2, Arun Niwas, Ernakulam, Kochi. 43/986, Ayyappankavu, Ernakulam, Kochi. [Pan: Ahepm 6323R]
section 271(1)(c) at length and decided that where income has been voluntarily declared in the Return of Income filed u/s. 153A penalty u/s. 271(1)(c) is not leviable. Similar decision was given in the case of Deepak Choudhury, Kolkata also. The courts have decided that the concealment is to be decided after the Return of Income filed