{"id":44127,"date":"2024-06-27T15:16:30","date_gmt":"2024-06-27T09:46:30","guid":{"rendered":"https:\/\/itatonline.org\/digest\/s-sagar-enterprises-v-dcit-2024205-itd-110-109-itr-650-mum-trib\/"},"modified":"2024-06-27T15:16:30","modified_gmt":"2024-06-27T09:46:30","slug":"s-sagar-enterprises-v-dcit-2024205-itd-110-109-itr-650-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/s-sagar-enterprises-v-dcit-2024205-itd-110-109-itr-650-mum-trib\/","title":{"rendered":"S. Sagar Enterprises v. DCIT [2024]205 ITD 110\/109 ITR 650 (Mum) (Trib)"},"content":{"rendered":"<p>On quantum the\u00a0 Commissioner (Appeals)\u00a0 restricted the addition to 3%of alleged bogus purchases. The AO has\u00a0 levied the penalty u\/s i 271 (1)(c)\u00a0 of the Act which was confirmed by the CIT(A). The Tribunal deleted the levy of penalty on the ground that the Assessing Officer has not deleted irrelevant portion in the penalty notice. Followed\u00a0 (AY.\u00a0 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.271(1)(c): Penalty -Concealment -Not striking off irrelevant  portion in the notice &#8211;  Penalty order is quashed. [S. 69C, 143(3)]<\/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-44127","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-btJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44127","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=44127"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44127\/revisions"}],"predecessor-version":[{"id":44128,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44127\/revisions\/44128"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}