{"id":279,"date":"2008-12-10T15:33:55","date_gmt":"2008-12-10T15:33:55","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=279"},"modified":"2008-12-10T15:33:55","modified_gmt":"2008-12-10T15:33:55","slug":"cit-vs-rampur-engineering-delhi-high-court-full-bench","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/cit-vs-rampur-engineering-delhi-high-court-full-bench\/","title":{"rendered":"CIT vs. Rampur Engineering (Delhi High Court &#8211; Full Bench)"},"content":{"rendered":"<p><a href=\"http:\/\/www.itatonline.org\/dlmonitor\/download.php?t=f&#038;i=157\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.itatonline.org\/images\/download.gif?w=605\" class=\"alignright\" border=\"0\" \/><\/a><\/p>\n<p>penalty proceedings without recording satisfaction<\/p>\n<p>(1) The judgement of the Division Bench in  <strong>CIT v. Ram Commercial Enterprises Ltd<\/strong>. (2000) 246 ITR 568 (Delhi) holding that  penalty  under Section 271(1)(c) of the Act cannot be levied where  the authority initiating the penalty proceedings had not recorded its satisfaction regarding concealment of income or furnishing of inaccurate particulars thereof by the assessee is approved. <\/p>\n<p>(2) This position applies till the insertion of  sub-section 1B to s. 271 by the Finance Act, 2008 w.r.e.f 1.4.1989 which creates  a   fiction by which satisfaction of the assessing officer is deemed to have been recorded in   cases where an addition or disallowance is made by the assessing officer and a direction for initiation of penalty proceedings is issued. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The judgement of the Division Bench in  <strong>CIT v. Ram Commercial Enterprises Ltd<\/strong>. (2000) 246 ITR 568 (Delhi) holding that  penalty  under Section 271(1)(c) of the Act cannot be levied where  the authority initiating the penalty proceedings had not recorded its satisfaction regarding concealment of income or furnishing of inaccurate particulars thereof by the assessee is approved. <\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/archives\/cit-vs-rampur-engineering-delhi-high-court-full-bench\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,5],"tags":[],"class_list":["post-279","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-high-court"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=279"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/279\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}