section 271(1)(c)

IT Judgement

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

4 Sep 2020

Applicability of Penalty under section 271(1)(c) for Discrepancy found during survey resulting in surrender by assessee when AO accepted declared…

IT Judgement

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

4 Sep 2020

Applicability of Penalty under section 271(1)(c) for Discrepancy found during survey resulting in surrender by assessee when AO accepted declared…

Income Tax

Penalty under section 271(1)(c)–Leviability–Inconsistency in recording of satisfaction and levy of penalty

3 Apr 2018

section 271(1)(c) Ashok Sahakari Sakhar Karkhana Ltd. v. Asstt. CIT During the course of scrutiny assessment proceedings, AO made additions/disallowances…

Income Tax IT Judgement Latest Update

Under Explanation 7 to s. 271(1)(c), the onus on the assessee is only to show that the ALP is computed in accordance with the scheme of s. 92 C in good faith and due diligence.

11 Jan 2018

judgement Halcrow Consulting India Pvt. Ltd vs. DCIT (ITAT Delhi) S. 271(1)(c) Penalty: Under Explanation 7 to s. 271(1)(c), the…

Income Tax IT Judgement Latest Update

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)

11 Jan 2018

judgement Aditya Chemicals Ltd vs. ITO (ITAT Delhi) S. 271(1)(c) Penalty: The law in Maharaj Garage (Bom) that it is…

section 271(1)(c)

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

Penalty under section 271(1)(c)–Leviability–Inconsistency in recording of satisfaction and levy of penalty

Under Explanation 7 to s. 271(1)(c), the onus on the assessee is only to show that the ALP is computed in accordance with the scheme of s. 92 C in good faith and due diligence.

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)

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