{"id":9155,"date":"2020-01-11T14:45:04","date_gmt":"2020-01-11T14:45:04","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-rajkumar-gulab-badgujar-2019-111-taxmann-com-256-267-taxman-489-bom-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-rajkumar-gulab-badgujar-2019-267-taxman-488-sc\/"},"modified":"2020-01-11T14:45:04","modified_gmt":"2020-01-11T14:45:04","slug":"pcit-v-rajkumar-gulab-badgujar-2019-111-taxmann-com-256-267-taxman-489-bom-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-rajkumar-gulab-badgujar-2019-267-taxman-488-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-rajkumar-gulab-badgujar-2019-111-taxmann-com-256-267-taxman-489-bom-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-rajkumar-gulab-badgujar-2019-267-taxman-488-sc\/","title":{"rendered":"PCIT v. Rajkumar Gulab Badgujar ( 2019) 111 taxmann.com 256 \/ 267 Taxman 489 (Bom) (HC)   Editorial: SLP of revenue is dismissed PCIT v. Rajkumar Gulab Badgujar ( 2019) 267 Taxman 488  (SC)"},"content":{"rendered":"<p>A search and seizure was carried out in case of \u00a0Suyojit Group of Nashik\u00a0 on 17 -09 2010 . In course of which certain incriminating documents pertaining to assessee were seized \u00a0.The assessee filed the return before issue of notice u\/s 153C of the Act .\u00a0 For two assessment years the assesee filed the return of income after receipt of notice u\/s 153C of the Act . The AO completed assessment under S. 153C wherein no addition was made over and above declared income . He, however, passed a penalty order under section 271(1)(c) \u00a0of the Act . \u00a0Tribunal held that since there was no addition to returned income of assessee, penalty could not have been imposed . On appeal \u00a0High Court upheld \u00a0the order \u00a0of the Tribunal Tribunal&#8217;s order. \u00a0(AY. 2006 -07 , \u00a02008 , -09 to 2010 -11) \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty \u2013 Concealment \u2013 Search and seizure- Return filed after search action- Income returned was accepted -In the absence of addition  no penalty can be levied . [ S. 132 , 153C, 271C  ]<\/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-9155","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2nF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9155","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=9155"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9155\/revisions"}],"predecessor-version":[{"id":9156,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9155\/revisions\/9156"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}