{"id":9049,"date":"2014-11-17T14:44:41","date_gmt":"2014-11-17T09:14:41","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=9049"},"modified":"2014-11-17T14:44:41","modified_gmt":"2014-11-17T09:14:41","slug":"mitsu-industries-ltd-vs-dcit-gujarat-high-court-s-2711c-in-the-absence-of-a-clear-cut-finding-by-the-ao-as-to-whether-it-is-a-case-of-concealment-or-furnishing-inaccurate-particulars-pe","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/mitsu-industries-ltd-vs-dcit-gujarat-high-court-s-2711c-in-the-absence-of-a-clear-cut-finding-by-the-ao-as-to-whether-it-is-a-case-of-concealment-or-furnishing-inaccurate-particulars-pe\/","title":{"rendered":"Mitsu Industries Ltd vs. DCIT (Gujarat High Court)"},"content":{"rendered":"<p>it is incumbent upon the AO to come to a positive finding as to whether there was concealment of income by the assessee or whether any inaccurate particulars of such income have been furnished by the assessee. In the absence of a clear-cut finding reached by the AO, and, on that ground alone, the order of penalty passed by the AO is liable to be struck down (<strong>New Sorathia Engg. Co<\/strong>. 282 ITR 642 (Guj) and <strong>Manu Engineering Works<\/strong> 122 ITR 306 (Guj) followed)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>it is incumbent upon the AO to come to a positive finding as to whether there was concealment of income by the assessee or whether any inaccurate particulars of such income have been furnished by the assessee. In the absence &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/itatonline.org\/archives\/mitsu-industries-ltd-vs-dcit-gujarat-high-court-s-2711c-in-the-absence-of-a-clear-cut-finding-by-the-ao-as-to-whether-it-is-a-case-of-concealment-or-furnishing-inaccurate-particulars-pe\/\"> <span class=\"screen-reader-text\">Mitsu Industries Ltd vs. DCIT (Gujarat High Court)<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,5],"tags":[],"class_list":["post-9049","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-high-court","judges-k-j-thaker-j","judges-k-s-jhaveri-j","section-2711c","counsel-r-k-patel","court-gujarat-high-court","catchwords-concealment-of-income","catchwords-furnishing-inaccurate-particulars-of-income","catchwords-penalty","genre-domestic-tax"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/9049","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=9049"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/9049\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=9049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=9049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=9049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}