April 2024 whereby a penalty of Rs.
31,50,88,552/- under Section 112(a) and 112(b) and Rs. 129,14,32,317/- under ... impugned order, a large penalty of Rs. 31,50,88,552/- under
Section 112(a) and 112(b) and Rs. 129,14,32,317/- under
provisions
of the Act and book profit of Rs.275,57,06,552/- u/s. 115JB of the Act.
Subsequently, the assessee filed a revised ... under normal provisions and book profit at
Rs.275,57,06,552/- u/s. 115JB of the Act. Assessee's case was selected
facts of the
case,
5) For that the initiation of penalty proceedings u/s 271(1)(c) of the I.T. Act,
1961 is arbitrary ... assessed the total income of the assessee at
₹89,31,552/- u/s 144 r.w.s. 147 of the Act after following the prescribed
NFAC, Delhi (hereinafter referred to as the "CIT(A)")
passed u/s 250 of the Income-tax Act, 1961 (hereinafter referred ... after making addition of Rs. 31,78,552/- u/s 57 (iii) of the Act.
3. Aggrieved by the above order, the assessee filed appeal
Section 2(1)(e) has
to be construed keeping in view of Section 20, which give
recognition to party autonomy or else Section 20 would ... mere] venue" of arbitration.]
***
Amendment of Section 31
17. In Section 31
(i) In sub-section (4), after the words "its date
Rashid, who has been
accused in FIR No.552 of 2022, under Sections 8 / 22 of the
NDPS Act, at Police Station Ramnagar, District Nainital ... Rashid, who has been accused
in FIR No.552 of 2022, under Sections 8 / 22 of the NDPS Act,
at Police Station Ramnagar, District Nainital
shares where the rebate u/s.
87A of the Act is not allowed as per sub-section (6) of Section 112A ... after rebate of
Rs. 6,552 (Rs. 31,552 minus Rs. 25,000). The return of income was processed
issue any notice before passing the order u/s. 250 of the Act. He invited attention
to para 2 of the appellate order and submitted ... anything
and mechanically confirmed the addition of Rs. 2,30,27,552/- made u/s. 69C of
the Act.
4. On the other hand
Court in Kunnathat
Thatehunni Moopil Nair case [AIR 1961 SC 552]
held that Sections 4, 5-A and 7 of the Travancore-
Cochin Land
Court in Kunnathat
Thatehunni Moopil Nair case [AIR 1961 SC 552]
held that Sections 4, 5-A and 7 of the Travancore-
Cochin Land
