{"id":56024,"date":"2025-08-16T10:47:36","date_gmt":"2025-08-16T05:17:36","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pr-cit-v-gragerious-projects-p-ltd-2025-303-taxman-14-475-itr-546-delhihc\/"},"modified":"2025-09-22T21:42:24","modified_gmt":"2025-09-22T16:12:24","slug":"pr-cit-v-gragerious-projects-p-ltd-2025-303-taxman-14-475-itr-546-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pr-cit-v-gragerious-projects-p-ltd-2025-303-taxman-14-475-itr-546-delhihc\/","title":{"rendered":"Pr. CIT v. Gragerious Projects (P.) Ltd. (2025) 303 Taxman 14 \/ 475 ITR 546 (Delhi)(HC)\/PCIT v. Sara Sae Pvt Ltd  (2025) 303 Taxman 14 \/ 475 ITR 546 (Delhi)(HC) PCIT v. Virtual Software and Training Pvt Ltd ( 2025) 303 Taxman 14 \/ 475 ITR 546 (Delhi)(HC)"},"content":{"rendered":"<p><strong>\u00a0<\/strong>Assessee filed its return of income declaring certain loss.\u00a0 Assessing Officer disallowed claim of loss and made addition to income of assessee. He also initiated penalty proceedings under section 271(1)(c) for furnishing inaccurate particulars of income. Tribunal deleted penalty holding that penalty notice was vague as there was no specific charge for initiation of penalty proceedings which assessee could explain. On appeal the Court held that\u00a0 Tribunal rightly held that levy of penalty under section 271(1)(c) in case of assessee was not valid. (AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty-Concealment-Failure to specify the charge-Order of Tribunal quashing the penalty is affirmed. [S. 260A, 274(1)] <\/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-56024","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ezC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56024","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=56024"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56024\/revisions"}],"predecessor-version":[{"id":56809,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56024\/revisions\/56809"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=56024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=56024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=56024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}