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1 - 10 of 13 (0.25 seconds)Section 274 in The Income Tax Act, 1961 [Entire Act]
Section 57 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Commissioner Of Income-Tax vs Western India Seafood (P) Ltd. on 10 August, 1992
5. CIT vs. Gates Foam & Rubber Co [91 ITR 467] CIT
vs India Seafood [105 ITR 708] where Hon'ble Kerala High
Court held that Claiming excessive deduction also amounts
to concealment of income
Steel Ingots Ltd. vs Commissioner Of Income-Tax And Ors. on 28 March, 2006
6. Steel Ingots Ltd vs. CIT [296 ITR 228] where Hon'ble
Madhya Pradesh High Court held that in case of
concealment of true income chargeable. to tax by making
bogus claim, levy of penalty u/s 271 (1 )(c) read with
Explanation 1 is justified
Commissioner Of Income Tax vs Zoom Communication Pvt Ltd on 24 May, 2010
2. CIT Vs Zoom Communication (P.) Ltd. [191 Taxman
179 (Delhi)/[2010] 327 ITR 510 (Delhi)/[2010] 233 CTR
465] where Hon'ble Delhi High Court held that If assessee
makes a claim which is not only incorrect in law, but is also
wholly without any basis and explanation furnished by him
for making such- a claim is. not found to be bona fide,
Explanation 1 to section 271 (1 )(c) would come into play
and assessee will be liable to penalty
Commissioner Of Income-Tax vs Shree Raghunath Cotton Ginning And Oil ... on 26 October, 2004
i) "CIT & Anr. Vs. M/s SSA's Emerald Meadows - 2015
(11) TMI 1620 - Karnataka High Court has held that
Tribunal has correctly allowed the appeal filed by
the assessee holding the notice issued by the
Assessing Officer under section 274 read with
8
Section 271(1)(c) to be bad in law as it did not
specify which limb of Section 271(1)© of the Act, the
penalty proceedings had been initiated i.e., whether
for concealment of particulars of income or
furnishing of inaccurate particulars of income. The
Tribunal, while allowing the appeal of the assessee,
has relied on the decision of the Division Bench of
this Court rendered in the case of Commissioner of
Income Tax vs. Manjunatha Cotton and Ginning
Factory (2013) (7) TMI 620- Karanataka High Court.
Section 276C in The Income Tax Act, 1961 [Entire Act]
The Commr. Of Income Tax Delhi Iv vs M/S. Escorts Finance Ltd. on 26 August, 2015
7. CIT Vs Escorts Finance Ltd [183 Taxman 453
(Delhi)/[2010] 328 ITR 44 (Delhi)/[2009] 226 CTR 105]
where Hon'ble Delhi High Court held that if claim made in
return of income appears to be ex facie bogus, it would be
treated as a case of concealment or furnishing of
inaccurate particulars and penalty proceeding would be
justified."