{"id":16055,"date":"2021-03-24T12:46:15","date_gmt":"2021-03-24T07:16:15","guid":{"rendered":"https:\/\/itatonline.org\/digest\/babuji-jacob-v-ito-2021-430-itr-259-mad-hc\/"},"modified":"2021-06-20T21:03:40","modified_gmt":"2021-06-20T15:33:40","slug":"babuji-jacob-v-ito-2021-430-itr-259-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/babuji-jacob-v-ito-2021-430-itr-259-mad-hc\/","title":{"rendered":"Babuji Jacob v. ITO (2021) 430 ITR 259 \/ 277 Taxman 502(Mad.)(HC)"},"content":{"rendered":"<p>Allowing the appeal the Court held that the notice did not specifically mention as to whether the assessee had concealed particulars of his income or furnished inaccurate particulars or both hence levy of penalty is held to be not valid. Followed CIT v. S. I. Paripushpam\u00a0<a href=\"http:\/\/www.taxlawsonline.com\/%5b2001%5d%20249%20ITR%200550\">(2001) \u00a0249 ITR 550<\/a>\u00a0(Mad.)(HC). (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty-Concealment-Notice  must specify whether there has been concealment of  income or  furnishing of  inaccurate particulars of  income-Levy of penalty is held to be not valid. [S. 274]<\/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":[21],"tags":[],"class_list":["post-16055","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4aX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16055","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=16055"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16055\/revisions"}],"predecessor-version":[{"id":19546,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16055\/revisions\/19546"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}