{"id":61593,"date":"2026-07-02T09:59:45","date_gmt":"2026-07-02T04:29:45","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ramchandra-udaysingh-jadhavrao-v-acit-2025-234-ttj-543-punetrib\/"},"modified":"2026-07-02T09:59:45","modified_gmt":"2026-07-02T04:29:45","slug":"ramchandra-udaysingh-jadhavrao-v-acit-2025-234-ttj-543-punetrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ramchandra-udaysingh-jadhavrao-v-acit-2025-234-ttj-543-punetrib\/","title":{"rendered":"Ramchandra Udaysingh Jadhavrao v. ACIT (2025) 234 TTJ 543 (Pune)(Trib)"},"content":{"rendered":"<p>Held that the assessee had disclosed the factum of conversion of capital asset, i.e., land into stock-in-trade, during the survey under s. 133A, which was conducted prior to the due date of filing the return and paid a substantial amount of advance tax and TDS. Penalty under s. 271(1)(c) is not leviable, more so when the income returned by the assessee has been accepted without any variation. (AY.2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c): Penalty-Concealment-Disclosure of income in the course of survey-Prior to due date of filing of return-Income returned was accepted-Levy of penalty was deleted. [S.133A, 139(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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61593","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g1r","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61593","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=61593"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61593\/revisions"}],"predecessor-version":[{"id":61594,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61593\/revisions\/61594"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}