Search Results Page
Search Results
1 - 7 of 7 (0.21 seconds)
Hercules Automobiles International ... vs Ao Type-W, Aayakar Bhawan, Alleppey on 20 November, 2025
cites
Section 148 in The Companies Act, 1956 [Entire Act]
The Companies Act, 1956
C.I.T.,Ahmedabad vs Reliance Petroproducts Pvt.Ltd on 17 March, 2010
7. We have heard the rival contentions and perused the material
available on record. The issue that arises in the present appeal is
whether the order imposing penalty u/s. 271(1)(c) is justified or not.
Penalty proceedings were initiated on account of disallowance of
loss on account of foreign currency transaction of Rs. 21,84,084/-.
The mere fact that the additions were made to the returned income
by disallowing certain deductions by itself does not lead to the
conclusion that the assessee concealed particulars of income or
furnished incorrect particulars of income and provisions of section
271(1)(c) is not attracted. Reliance in this regard is placed on the
decision of the Hon'ble Supreme Court in the case of CIT v.
Reliance Petroporducts Pvt. Ltd. [2010] 322 ITR 158. Relevant
portion of the judgement if extracted below: -
Section 274 in The Companies Act, 1956 [Entire Act]
Section 143 in The Companies Act, 1956 [Entire Act]
Commr.Of Income Tax-I,Ahmedabad vs Gold Coin Health Food Pvt.Ltd on 18 August, 2008
3. Being aggrieved, an appeal was filed before the CIT(A), who
vide the impugned order confirmed the action of the AO placing
reliance on the decision of the Hon'ble Supreme Court in the case of
CIT v. Gold Coin Health Food (P) Ltd.
1