{"id":20464,"date":"2021-07-21T11:27:51","date_gmt":"2021-07-21T05:57:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-ashok-kumar-maneklal-parikh-2020-120-taxmann-com-268-bom-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-ashok-kumar-maneklal-parikh-2020-274-taxman-457-sc\/"},"modified":"2021-07-21T11:27:51","modified_gmt":"2021-07-21T05:57:51","slug":"pcit-v-ashok-kumar-maneklal-parikh-2020-120-taxmann-com-268-bom-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-ashok-kumar-maneklal-parikh-2020-274-taxman-457-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-ashok-kumar-maneklal-parikh-2020-120-taxmann-com-268-bom-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-ashok-kumar-maneklal-parikh-2020-274-taxman-457-sc\/","title":{"rendered":"PCIT v. Ashok Kumar Maneklal Parikh (2020) 120 taxmann.com 268 (Bom.)(HC) Editorial : SLP of revenue is dismissed, PCIT v. Ashok Kumar Maneklal Parikh (2020) 274 Taxman 457 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that, during assessment proceedings assessee had made full representation why according to his belief, receipt was not chargeable to tax and, in such a case, merely because Assessing Officer did not accept such a stand of assessee, would not automatically permit revenue to levy penalty. \u00a0Relied, CIT v.\u00a0Reliance Petroproducts Pvt. Ltd (2010) 322 ITR 158 (SC).\u00a0 Distinguished,\u00a0\u00a0 UOI \u00a0v.\u00a0Dharmendra Textiles Processors (2008) 306 ITR 277 (SC)\u00a0 Mak Data P. Ltd<em>.<\/em>\u00a0v.\u00a0CIT (2013) 322 ITR 158 (SC). \u00a0(AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty-Concealment-Not declared capital gain arising from sale of leasehold rights-Deletion of penalty is held to be justified. [S. 45, 54EC] <\/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-20464","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5k4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20464","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=20464"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20464\/revisions"}],"predecessor-version":[{"id":20465,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20464\/revisions\/20465"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}