Search: penalty u/s 271

1 result for “penalty u/s 271”+ Section 10Bclear

Sorted by relevance

Delhi70 Mumbai57 Hyderabad37 Bangalore31 Chennai12 Kolkata11 Jaipur9 Lucknow7 Pune6 Indore6 Cuttack4 Ahmedabad3 Visakhapatnam2 Allahabad2 Jodhpur2 Cochin2 Chandigarh2 Patna2 Dehradun1 Rajkot1

Key Topics

Section 271(1)(c)3 Section 2712

M/S SHREE RAJMOTI INDS.,,RAJKOT-GUJARAT vs. THE A. C.I.T., CIRCLE-2(1),, RAJKOT-GUJARAT

In the result, the appeal filed by the Assessee is hereby allowed

ITA 172/RJT/2019[2013-14]Status: DisposedITAT Rajkot27 Sept 2023AY 2013-14

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 10(34)Section 271Section 271(1)(c)

u/s 271 (1) (C). That is clearly no the intendment of the Legislature. 8.1. Following the above Supreme Court Judgment, the Jurisdictional High Court in the case of PCIT Vs. Intas Pharma Ltd. reported in [2022] 138 taxmann.com 474 (Gujarat) held as follows: “Section 271(1)(c), read with section 32, of the Income-tax Act, 1961 Penalty - For concealment