{"id":8719,"date":"2019-12-18T11:50:02","date_gmt":"2019-12-18T11:50:02","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-goa-coastal-resosts-recreation-pvt-ltd-bom-hc-www-itatonline-org\/"},"modified":"2020-05-17T07:13:05","modified_gmt":"2020-05-17T07:13:05","slug":"pcit-v-goa-coastal-resosts-recreation-pvt-ltd-bom-hc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-goa-coastal-resosts-recreation-pvt-ltd-bom-hc-www-itatonline-org\/","title":{"rendered":"PCIT v.  Goa Coastal Resorts &#038; Recreation Pvt.  Ltd. (Bom.)(HC), www. itatonline.org"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that Levy of penalty u\/s 271(1)(c) is not valid if (i) there is no record of satisfaction by the AO that there was any concealment of income or that any inaccurate particulars were furnished by the assessee or (ii) If the notice is issued in the printed form and the inapplicable portions are not struck off. \u00a0Followed, CIT v. \u00a0Samson Perinchery (2017)\u00a0 392 ITR 4 (Bom)(HC)\u00a0 &amp; PCIT v. \u00a0New Era Sova Mine (ITA Nos. 70 of 2018 dt 18-06 2019)<\/p>\n<p><a href=\"https:\/\/drive.google.com\/open?id=1P7kDEGo3pXSsJ77Zo87j5A9Mv0oAhyAd\">[Click here to download PDF file]<\/a><\/p>\n<p>[2019 SCC Online Bom 1032(Bom) (HC)]. \u00a0Distinguished, Mak Data v. CIT (2013)\u00a0 358 ITR 593 (SC) ( TA No. \u00a024 of 2019, dt. \u00a011. 11. 2019)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty\u2013Concealment\u2013Recording of satisfaction-In applicable portions are not struck off-Levy of penalty  is held to be not valid.<\/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":[1],"tags":[],"class_list":["post-8719","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2gD","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8719","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=8719"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8719\/revisions"}],"predecessor-version":[{"id":11392,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8719\/revisions\/11392"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}