{"id":29353,"date":"2022-08-30T10:34:50","date_gmt":"2022-08-30T05:04:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ganga-iron-steel-trading-co-v-cit-2022-286-taxman-21-bom-hc\/"},"modified":"2022-11-02T19:54:08","modified_gmt":"2022-11-02T14:24:08","slug":"ganga-iron-steel-trading-co-v-cit-2022-286-taxman-21-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ganga-iron-steel-trading-co-v-cit-2022-286-taxman-21-bom-hc\/","title":{"rendered":"Ganga Iron &#038; Steel Trading Co. v. CIT (2022)  447 ITR 742\/286 Taxman 21 (Bom.)(HC)"},"content":{"rendered":"<p>Allowing the appeal the Court held that where show cause notice did not indicate whether there was concealment of particulars of income or furnishing of incorrect particulars of such income\u00a0 the levy of penalty is not valid.\u00a0 Followed\u00a0 Mohd. Farhan A.Shaikh v.Dy.CIT(2021) 434 ITR 1\/ 280 Taxman 334 (Bom)(HC).(FB)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty-Concealment-Cash credits-Recoding of satisfaction-Show cause notice did not indicate whether there was concealment of particulars of income or furnishing of incorrect particulars of such income-Deletion of penalty is held to be 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-29353","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7Dr","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29353","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=29353"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29353\/revisions"}],"predecessor-version":[{"id":30664,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29353\/revisions\/30664"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=29353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=29353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}