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1 - 10 of 10 (0.36 seconds)Section 132 in The Income Tax Act, 1961 [Entire Act]
Section 153A in The Income Tax Act, 1961 [Entire Act]
Section 69 in The Income Tax Act, 1961 [Entire Act]
Section 271 in The Income Tax Act, 1961 [Entire Act]
Gulabbai Tupe , Pune vs Department Of Income Tax on 15 April, 2013
If at all, penalty was to be levied,
it could have been u/s.271AAA of the Act. The ld. AR referring to the
definition of 'specified previous year' defined in Clause-(b) of Explanation to
section 271AAA of the Act, the ld. AR pointed that the period relevant to
assessment year 2009-10 covered under the definition of 'specified previous
year'. Where, the provisions of Section 271AAA are attracted, penalty u/s.
271(1)(c) shall not be imposed. To support his submissions, the ld. AR
placed reliance on the decision of Co-ordinate Bench of Tribunal in the case
of Shri Mangesh Tupe Vs. Assistant Commissioner of Income Tax in ITA
No.804 to 809 for assessment year 2003-04 to 2008-09 decided on
20.04.2013.
Section 274 in The Income Tax Act, 1961 [Entire Act]
Sri T. Ashok Pai vs Commissioner Of Income Tax, Bangalore on 18 May, 2007
The Hon'ble Apex
Court in the case of T. Ashok Pai Vs. CIT (supra.) has held that
'concealment of income' and 'furnishing inaccurate particulars of income'
carry different connotations. Concealment refers deliberate act on the part
of the assessee. The mere 'omission' or 'negligence' would not constitute a
deliberate act of suppressio-veri or suggestio falsi.
Commissioner Of Income-Tax vs Shree Raghunath Cotton Ginning And Oil ... on 26 October, 2004
ITA Nos. 2183 to 2185/PUN/2014
A.Ys.2007 -08 to 2009-10
The Hon'ble Karnataka High Court in the case of CIT Vs. Manjunatha
Cotton and Ginning Factory & Ors, 359 ITR 565 (Kar.) has held that
'concealment and furnishing inaccurate particulars of income' are different.
Thus, the Assessing Officer while issuing notice has to come to the
conclusion whether it is a case of concealment of income or it is furnishing
of inaccurate particulars of income. There should be no ambiguity in the
mind of Assessing Officer.
Meherjee Cassinath Holdings P.Ltd, ... vs Asst Cit Cir 4(2), Mumbai on 28 April, 2017
iii) Meherjee Cassinath Holdings Private Limited Vs. Assistant
Commissioner of Income Tax, ITA No.2555/MUM/2012,
assessment year 2008-09
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