| COURT: | Gujarat High Court |
| CORAM: | K. J. Thaker J, K. S. Jhaveri J |
| SECTION(S): | 271(1)(c), 273(2)(a) |
| GENRE: | Domestic Tax |
| CATCH WORDS: | concealment of income, furnishing inaccurate particulars of income, penalty |
| COUNSEL: | R. K. Patel |
| DATE: | November 11, 2014 (Date of pronouncement) |
| DATE: | December 1, 2014 (Date of publication) |
| AY: | 1986-87 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 271(1)(c) & 273(2)(a): Penalty cannot be mechanically levied. Cogent reasons have to be given | |
Sections 271(1)(c) and 273(2)(a) empower the AO to impose penalty on an assessee in a case, where, (1) there is concealment of income or (2) conscious attempt to provide the particulars of income which is untrue. Meaning thereby, the AO …
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