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Addition u/s 68 - the loan which has been returned to the respective creditors cannot be taxed in the hands of assessee as its income - Tri    *    CENVAT credit - dumpers/ tippers will be in the nature of inputs for providing Supply of tangible goods services & not capital goods Tri    *    CENVAT CREDIT ON CERTIFIED COPY OF BILL OF MISC. CHARGES ON FINALIZATION OF BOE    *    Captive consuption to be shown in ER-1 Return filed through ACES system -reg    *    Travelling expenses incurred outside India by on duty employee whether taxable?    *    should i buy machinery after gst or before gst which will be benefit for me    *    After GST - Machinery booking on commission    *    Applicability Of Service tax on Liquidated Damages    *    Dr. Liam Fox, U.K. Secretary of State for International Trade calls on the Union Finance Minister Shri Arun Jaitley: Both the leaders call for forging deeper trade and investment arrangements between the two countries    *    Notification of Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains, and for the encouragement of mutual trade and investment between India and Mauritius    *    Scheme of Rebate of State Levies on Export of Garments 2016    *    CENVAT CREDIT    *    Cenvat credit on water treatment plant    *    Excise Cenvat credit on Electricity Power bill    *    Regarding cenvat credit on service tax on rent a cab    *    Service tax exemption for transportation of life saving medicines    *    Employees sent on deputation to subsidiary/ associate companies (Service Tax)    *    Workshop on Government E-Marketplace (GeM) for Suppliers for E-Procurement    *    Ms. Penny Pritzker, U.S. Secretary of Commerce calls on the Union Finance Minister Shri Arun Jaitley: Both the leaders discussed the measures to increase the bilateral trade among the two countries.    *    Potato Chips as Namkeen    *    LTC exemption for travelling to Sri Lanka    *    Amendment in Notification No.78/2014-Customs (N.T.) dated the 16th September, 2014

Income Tax Case Laws - Section: 271B

Home Case Index Income Tax Sections List
Cases for Section: 271B
Showing 1 to 15 of 207 Records
 
  • 2016 (8) TMI 772 - ITAT JAIPUR

    Penalty u/s 271B - violation of provisions of section 44AB - whether there is a reasonable cause for the delay on the part of the appellant to submit the audit report before the due date of filing the return of income? - assessee being a society set ... ... ...


  • 2016 (7) TMI 617 - ITAT KOLKATA

    Levy of penalties u/s. 271B and 271F - non filing of tax audit report and non filing of return in time - Held that - We find that reasons for delay adduced by the assessee does not constitute a good and reasonable cause. It is very unlikely that the ... ... ...


  • 2016 (8) TMI 732 - ITAT DELHI

    Penalty under section 271B - delay in filing of tax audit report - Held that - In the present case, it appears that statutory audit of the assessee got completed on 27.11.2009 and on the same date tax audit report was signed. The assessee filed the r... ... ...


  • 2016 (8) TMI 595 - ITAT PUNE

    Penalty u/s.271B - Failure to get accounts audited - Held that - In the instant case, no doubt the assessee has not furnished the audit report during the course of assessment proceedings but such failure has been explained by the Ld. Counsel for the ... ... ...


  • 2016 (8) TMI 858 - ITAT DELHI

    Penalty u/s 271B - threshold limit for getting its account audited u/s 44AB - Business activity or professional activity - receipts from the pathological laboratory have to be considered as business receipts - Held that - Without first holding that t... ... ...


  • 2016 (6) TMI 55 - ITAT VISAKHAPATNAM

    Penalty u/s 271B - failure to get accounts audited u/s 44AB - Held that - We find force in the arguments of the assessee for the reason that the requirement of audit u/s 44AB of the Act applies, when the turnover as per the books of accounts exceeds ... ... ...


  • 2016 (4) TMI 343 - ITAT JAIPUR

    Penalty U/s 271B - Failure to get accounts audited - Held that - There is no evidence with the assessee to prove that he got account audited on 14/7/2008 by M/s Vimal Geol & Associates. Now law has been amended and not only the assessee got the a... ... ...


  • 2016 (3) TMI 1010 - ITAT JAIPUR

    Penalty u/s 271B - accounts of the assessee from speculative business were not audited u/s 44AB - whether the assessee s speculative transaction on NCDEX can be considered as actual transaction liable for provision of audit u/s 44AB read with Section... ... ...


  • 2015 (12) TMI 392 - ITAT DELHI

    Penalty u/s 271B - assessee has obtained the tax audit report on 30th September 2008 and not before 30th September, 2008 - CIT (A) confirmed penalty holding that assessee has committed a default by not getting its accounts audited before the due date... ... ...


  • 2015 (11) TMI 735 - ITAT AHMEDABAD

    Penalty u/s. 271B - failure to furnish the audit accounts u/s. 44AB - it is assessee s submission that he was under bona fide belief that he was not required to get the accounts audited in view of CBDT Instruction No. 452 dated 17th March, 1986 and t... ... ...


  • 2015 (8) TMI 329 - ITAT MUMBAI

    Computation of income - manner in which income of the assessee is liable to be computed from the development of its project named Pranik Garden at Mahavir Nagar, Kandivali(West), Mumbai - Held that - The project of the assessee was substantially comp... ... ...


  • 2015 (10) TMI 1436 - ITAT PANAJI

    Levy of penalty u/s 271B - Failure to get accounts audited - Held that - Income of the Assessee is basically from commission on transportation. The penalty levied u/s 271B is not a blanket penalty but is subject to the control of Sec. 273B. Thus, the... ... ...


  • 2015 (10) TMI 1507 - ITAT MUMBAI

    Penalty u/s. 271B - failure to get accounts audited - Held that - AO had to take permission from the Joint Commissioner before levying the penalty as the amount of penalty exceeded ₹ 10,000/-. There is nothing in the order of the penalty which ... ... ...


  • 2015 (3) TMI 321 - MADRAS HIGH COURT

    Penalty under Section 271B - no reasonable cause for delayed filing of the audit report - Held that - In the case on hand, the assessee filed return of income on 27.3.1990 and the audit report was obtained on 27.4.1990 and submitted during the course... ... ...


  • 2015 (7) TMI 975 - ITAT JAIPUR

    Tax Audit - Determination of turnover for the purpose of section 44AB - Penalty u/s 271B - Held that - The sale of stamp papers by licensed vendors is a government assigned function to facilitate the stamp sales at various locations. The government a... ... ...


 
   
 
 
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