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C.I.T.,Ahmedabad vs Reliance Petroproducts Pvt.Ltd on 17 March, 2010

4.2 Learned Senior Counsel Mr.Soparkar appearing  for the appellant has contended that the claim which  has   been   made   was   specifically   mentioned   that   this  will be subject to the riders which is pending before  the   Tribunal.     He   has   contended   that   in   view   of  decision   in   case   of  Commissioner   of   Income­tax,   Ahmedabad v. Reliance Petroproducts (P) Ltd., [2010]   189   Taxman   322   (SC)  whereby   the   issue   of   penalty  imposed   under   Section   271(1)(c)   of   the   Act   was  considered   for   concealment   of   income   and   held   in  favour of the assessee.
Supreme Court of India Cites 13 - Cited by 1723 - V S Sirpurkar - Full Document

Maharashtra State Co-Op.Bank Ltd vs Assistant P.F.Commr.& Anr on 8 October, 2009

4.3 Learned   Senior   Counsel   has   also   drawn  attention of this Court to a decision of this Court in  case   of  Geeta   Prints   (P.)   Ltd.   v.   Assistant   Commissioner of Income­tax [2013] 33 taxmann.com 393   (Gujarat)  wherein   this   Court   has   held   that   the  assessee had full disclosure about his claim which was  certified by the CA and therefore it did not mean that  the assessee had concealed any income. The Court has  also held that when no information as given in return  was   found   to   be   incorrect,   penalty   could   not   be  imposed.
Supreme Court of India Cites 93 - Cited by 13 - G S Singhvi - Full Document
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