That under the facts and circumstances, penalty levied u/s. 271 AAA / 271
(1) (c) is unsustainable in law as well as on merits ... declared in the
return, assessed also and all conditions of Sec. 271 AAA (2) stands satisfied.
4. That under the facts and circumstances, no penalty
Assessing Officer thereby levying
penalty of Rs 35,45,120/- u/s. 271 AAA of the Income Tax Act,
as well as the order ... appreciate that this case does
not fall within the mischief of section 271 AAA and as such the
penalty levied by the DCIT
ignor ing the fac t that penalty under
section 271 AAA of the Income-tax Act, 1961 w as imposed due to
non payment ... undisclosed income declare d
and le vied pe nalty under section 271 AAA of the Act vide order dated
August 26, 2013, annexure
appeal before it
against the order dated 27.09.2013 passed u/s 271AAA of the Income Tax Act,
1961 (hereinafter referred ... considering that the appellant fails to fulfill the conditions of
section 271 AAA of the Income Tax Act, 1961. Whereas the
appellant has truly disclosed
been
imposed under Sec.271(l)(c) of the Act and not under the correct section i.e.
Section 271 AAA of the Act, without ... erred in concluding that the correct section for levy of penalty
is 271 AAA of the Act, ignoring the provisions of Section 271
deemed income u/s 69A of the Act
and not as income from 'Business' with Penalty proceedings u/s 271 AAA ... pertain to assessment of surrendered
income of Rs. 1.16 Crores as assessable u/s 69A and not allowing the set-off of
the business loss
Surendra Koli vs C.B.I. on 16 October, 2023
Author: Ashwani Kumar Mishra
Bench
Yedlapalli Adinarayana Murthy vs The State Of Andhra Pradesh on 22 September, 2023
* eet
a
that the detenu is a 'Bootlegger'
within the meaning of Section 2(b) of Act 14 of 1982.
3. There are two adverse ... Crime No.271 of
2022 on the file of Chinnasalem Police Station for alleged offences under
Sections 4(1)(i), 4(1)(aaa
Surendra Koli vs Central Bureau Of Investigation on 16 October, 2023
Author: Ashwani Kumar Mishra
