{"id":54883,"date":"2025-06-11T12:55:21","date_gmt":"2025-06-11T07:25:21","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-ltu-v-state-bank-of-india-2025-302-taxman-365-sc-editorial-cit-v-state-bank-of-india-2024-169-taxmann-com-304-karnhc\/"},"modified":"2025-06-11T12:55:21","modified_gmt":"2025-06-11T07:25:21","slug":"cit-ltu-v-state-bank-of-india-2025-302-taxman-365-sc-editorial-cit-v-state-bank-of-india-2024-169-taxmann-com-304-karnhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-ltu-v-state-bank-of-india-2025-302-taxman-365-sc-editorial-cit-v-state-bank-of-india-2024-169-taxmann-com-304-karnhc\/","title":{"rendered":"CIT (LTU) v. State Bank of India (2025) 302 Taxman 365 (SC) Editorial : CIT v. State Bank of India (2024) 169 taxmann.com 304 (Karn)(HC)"},"content":{"rendered":"<p>High Court\u00a0\u00a0 dismissed the appeal against order passed by Tribunal holding that where Assessing Officer had not specified relevant portion of clause (c) in notice for initiating penalty proceedings under section 271(1)(c), notices issued under section 274 read with section 271 were invalid and therefore, impugned orders of authorities below levying penalty under section 271(1)(c) is cancelled. SLP of Revenue is dismissed. (AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty-Concealment-Not specifying the relevant portion of clause in penalty notice-Order of High Curt deleting the penalty is affirmed-SLP of Revenue is dismissed.[S. 274, Art. 136]  <\/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-54883","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ehd","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54883","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=54883"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54883\/revisions"}],"predecessor-version":[{"id":54884,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54883\/revisions\/54884"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=54883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=54883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=54883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}