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2 results for “penalty u/s 271”+ Section 112clear

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Key Topics

Section 271(1)(c)8Section 2748Section 2712Penalty2

VAISNAVI AGRO,DEOGHAR vs. ITO WARD-3(1), DEOGHAR

In the result, both the appeals of the assessee are allowed

ITA 236/RAN/2016[2004-05]Status: DisposedITAT Ranchi28 Feb 2018AY 2004-05

Bench: Hon’Ble Shri J. Sudhakar Reddy, Am] I.T.A. No. 236 & 237/Ran/2016 Assessment Year : 2004-05 & 2005-06 M/S. Vaishnavi Agro...................................................................................................Appellant Bandha Town Area, P.O. B. Deoghar – 814 112. Jharkhand. [Pan: Aaefv 0289 J Income Tax Officer...................…………………….....................................................Respondent Ward No. Iii(1), Deoghar. Appearances By: Shri M.K. Choudhury, Advocate Appearing On Behalf Of The Assessee. Shri Sanjay Malik, Dr Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : February 26, 2018 Date Of Pronouncing The Order : February 28, 2018 Order Per J. Sudhakar Reddy, Am

Section 271Section 271(1)(c)Section 274

Section 271(1)(c) in the printed form without specifically mentioning whether the proceedings are initiated on the ground of concealment of income or on account of furnishing of inaccurate particulars is valid and legal? 2. Whether the proceedings initiated by the Assessing Authority was legal and valid? The Hon’ble Karnataka High Court held in the negative and against

M/S VAISNAVI AGRO,DEOGHAR vs. ITO WARD-3(1), DEOGHAR

In the result, both the appeals of the assessee are allowed

ITA 237/RAN/2016[2005-06]Status: DisposedITAT Ranchi28 Feb 2018AY 2005-06

Bench: Hon’Ble Shri J. Sudhakar Reddy, Am] I.T.A. No. 236 & 237/Ran/2016 Assessment Year : 2004-05 & 2005-06 M/S. Vaishnavi Agro...................................................................................................Appellant Bandha Town Area, P.O. B. Deoghar – 814 112. Jharkhand. [Pan: Aaefv 0289 J Income Tax Officer...................…………………….....................................................Respondent Ward No. Iii(1), Deoghar. Appearances By: Shri M.K. Choudhury, Advocate Appearing On Behalf Of The Assessee. Shri Sanjay Malik, Dr Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : February 26, 2018 Date Of Pronouncing The Order : February 28, 2018 Order Per J. Sudhakar Reddy, Am

Section 271Section 271(1)(c)Section 274

Section 271(1)(c) in the printed form without specifically mentioning whether the proceedings are initiated on the ground of concealment of income or on account of furnishing of inaccurate particulars is valid and legal? 2. Whether the proceedings initiated by the Assessing Authority was legal and valid? The Hon’ble Karnataka High Court held in the negative and against