THE PRL COMMISSIONER OF INCOME vs. M/S NIRANI SUGARS LTD.,
The appeal stands disposed off
ITA/100033/2022HC Karnataka29 Jul 2025
Bench: S.SUNIL DUTT YADAV,VIJAYKUMAR A.PATIL
Section 260Section 260ASection 271Section 271(1)(c)Section 274Section 292B
Section 292B of the Income
Tax Act, 1961 considering the fact that the Assessing
Officer has recorded his ‘satisfaction’ in the order of
assessment
prior
to
the
initiation
of
penalty
proceedings that since the assessee has furnished
inaccurate particulars of his total income, penalty
proceedings u/s 271
