{"id":37331,"date":"2023-09-06T22:46:20","date_gmt":"2023-09-06T17:16:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/virendra-singh-verma-v-ito-202295-itr-83-snjaipur-trib\/"},"modified":"2023-09-06T22:46:20","modified_gmt":"2023-09-06T17:16:20","slug":"virendra-singh-verma-v-ito-202295-itr-83-snjaipur-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/virendra-singh-verma-v-ito-202295-itr-83-snjaipur-trib\/","title":{"rendered":"Virendra Singh Verma v. ITO (2022)95 ITR 83 (SN)(Jaipur) (Trib)"},"content":{"rendered":"<p>Held that the increase of value by the Assessing Officer in the full value consideration did not amount either to concealment of particulars of income or furnishing inaccurate particulars of income. The additions made on the value of the Deputy Registrar\u2019s office being the deemed value and the additions on such deemed value accepted by the assessee could not be said to be furnishing of inaccurate particulars for levy of penalty of concealment under section\u00a0271(1)(c). The penalty levied by the Assessing Officer under section\u00a0271(1)(c)\u00a0of the Act was not sustainable.(AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty-Concealment-Addition on account of deeming provision-Neither concealment of  income not furnishing inaccurate particulars of  income-Penalty not sustainable. [S.50C]  <\/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-37331","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9I7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37331","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=37331"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37331\/revisions"}],"predecessor-version":[{"id":37332,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37331\/revisions\/37332"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=37331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=37331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=37331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}