Applicability of Penalty under section 271(1)(c) for Discrepancy found during survey resulting in surrender by assessee when AO accepted declared income without any disturbance

Applicability of Penalty under section 271(1)(c) for Discrepancy found during survey resulting in surrender by assessee when AO accepted declared income without any disturbance   Short Overview  Even if some discrepancies were found during survey resulting in surrender of income by ...
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Applicability of Penalty under section 271(1)(c) for Discrepancy found during survey resulting in surrender by assessee when AO accepted declared income without any disturbance

Applicability of Penalty under section 271(1)(c) for Discrepancy found during survey resulting in surrender by assessee when AO accepted declared income without any disturbance   Short Overview  Even if some discrepancies were found during survey resulting in surrender of income by ...
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the penalty notice to frame a specific charge cannot be followed in the context of whether the notice should specify ‘concealment’ vs. ‘inaccurate particulars’ because the judgement does not consider SSA’s Emerald Meadows (SC) and is contrary to Samson Perinchery (Bom)

judgement Aditya Chemicals Ltd vs. ITO (ITAT Delhi) S. 271(1)(c) Penalty: The law in Maharaj Garage (Bom) that it is not necessary for the penalty notice to frame a specific charge cannot be followed in the context of whether the notice ...
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