{"id":59808,"date":"2026-04-28T09:33:47","date_gmt":"2026-04-28T04:03:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-parivar-television-pvt-ltd-2025-481-itr-14-2026-308-taxman-186-sc-editorial-pcit-v-parivar-television-pvt-ltd-2025-483-itr-391-180-taxmann-co-109-gujhc\/"},"modified":"2026-04-28T09:33:47","modified_gmt":"2026-04-28T04:03:47","slug":"pcit-v-parivar-television-pvt-ltd-2025-481-itr-14-2026-308-taxman-186-sc-editorial-pcit-v-parivar-television-pvt-ltd-2025-483-itr-391-180-taxmann-co-109-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-parivar-television-pvt-ltd-2025-481-itr-14-2026-308-taxman-186-sc-editorial-pcit-v-parivar-television-pvt-ltd-2025-483-itr-391-180-taxmann-co-109-gujhc\/","title":{"rendered":"PCIT v. Parivar Television Pvt. Ltd. (2025) 481 ITR 14 \/(2026) 308 Taxman 186 (SC) Editorial : PCIT v. Parivar Television Pvt. Ltd (2025) 483 ITR 391\/180 taxmann.co 109 (Guj)(HC)"},"content":{"rendered":"<p>\u00a0<\/p>\n<p>High Court following the ration in CIT v. Jai Laxmi Rice Mills, (2015) 379 ITR 521 (SC),\u00a0 dismissed the Department&#8217;s appeal holding that, there being no mention in the assessment order regarding initiation of penalty proceedings under section 271D of the Income-tax Act, 1961, no satisfaction having been recorded by the Assessing Officer before initiating penalty proceedings, no penalty under section 271D could be levied. SLP dismissed.[BP. 1-4 1995 to 19-12-2001]<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.271D: Penalty-Takes or accepts any loan or deposit-Assessing Officer not recording satisfaction in assessment order that there had been violation of section 269SS-High Court quashed the penalty order-SLP dismissed.[S. 269SS, 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-59808","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fyE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59808","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=59808"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59808\/revisions"}],"predecessor-version":[{"id":59809,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59808\/revisions\/59809"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}