{"id":1070,"date":"2018-05-31T10:43:30","date_gmt":"2018-05-31T10:43:30","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-prakash-chandra-sharma-2018-163-dtr-368-301-ctr-468-all-hc\/"},"modified":"2019-07-12T08:03:04","modified_gmt":"2019-07-12T08:03:04","slug":"pcit-v-prakash-chandra-sharma-2018-163-dtr-368-301-ctr-468-all-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-prakash-chandra-sharma-2018-163-dtr-368-301-ctr-468-all-hc\/","title":{"rendered":"PCIT  v.  Prakash Chandra Sharma. (2018) 406 ITR 330\/ 163 DTR 368  \/ 301 CTR 468 (All) (HC)"},"content":{"rendered":"<p>Allowing the appeal of the revenue \u00a0the \u00a0 Court held that ;he issue whether assessee had both &#8216;concealed particulars of his income&#8217; and also &#8216;furnished inaccurate particulars of income&#8217; is a fact and circumstance that must be specifically alleged and found to be existing in the peculiar facts of each case. There can be no presumption as to their co-existence or existence of even one of the two contingencies or infringements. Court also observed\u00a0 that Tribunal ought to have decided the issue of levy of penalty on merits . Matter was remanded to Tribunal to decide the issue in accordance with law\u00a0 . ( AY. 2012-13 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.271(1)( c ):Penalty\u2014Concealment \u2013 Long term capital gains \u2013Not specifying the charge- Deletion of penalty was held to be not justified \u2013 Order was set aside to decide the issue on merit  [ S.45 , 54F ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","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":""},"categories":[1],"tags":[],"class_list":["post-1070","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-hg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=1070"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1070\/revisions"}],"predecessor-version":[{"id":6062,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1070\/revisions\/6062"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}