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AO cannot re-open assessment merely for non filing of ITR unless the total income is exceeding maximum amount which is not chargeable to tax    *    Companies Act, 2013-25 Key Highlights    *    status foodgrain pulses and oilseed    *    Service tax exemption for transportation of life saving medicines    *    Applicability Of Service tax on Liquidated Damages    *    Goods and GST Bill passed    *    WITH GST CONSTITUTIONAL AMENDMENTS, WHAT NEXT ?    *    determination of assessable value for job work transaction    *    CENVAT CREDIT    *    Excise Cenvat credit on Electricity Power bill    *    Employees sent on deputation to subsidiary/ associate companies (Service Tax)    *    GLOW SIGN AND HOARDING    *    Regarding cenvat credit on service tax on rent a cab    *    Potato Chips as Namkeen    *    Central Excise Exemption of ₹ 150 Lakhs    *    Cenvat credit on water treatment plant    *    Cenvat Credit - refund - export of services - The registration is not the sole criteria for granting refund, so long the other conditions are satisfied, refund shall be granted - Tri    *    CENVAT credit demo cars capital goods input nothing is demonstrated today that a demo car falls in any of the Chapters dealing with capital goods - credit cannot be allowed - Tri    *    Period of limitation - in case duty was required to be paid on the strips, the appellant was entitled to avail credit of duty paid on the granules, which would have neutralized the entire demand on the strips - in this Revenue neutrally background, there could be no malafide on the part of the appellant to evade duty - Tri    *    Validity of statutory provisions - Imposition of penalty on company and directors - he legislature while in view of such situation has granted discretion to the executive, at the same time, provided for sufficient guidelines and safeguards so that such discretion does not convert into arbitrary or discretionary exercise of powers - HC    *    Strengthening Our Debt Markets (Dr. Raghuram G. Rajan, Governor - August 26, 2016 - at Annual Day Address to Foreign Exchange Dealers Association of India, Mumbai)

Income Tax Case Laws - Section: 271F

Home Case Index Income Tax Sections List
Cases for Section: 271F
Showing 1 to 10 of 10 Records
  • 2016 (8) TMI 279 - MADRAS HIGH COURT

    Penalty proceedings u/s 271F and prosecution u/s 276CC - Non-filing of return by the co-operative society - Notice calling upon the petitioner-Society to furnish their return of income immediately and produce the copy of the acknowledgement by 13.04.... ... ...

  • 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 ... ... ...

  • 2015 (10) TMI 1308 - ITAT HYDERABAD

    Penalty under section 271F and 271(1)(b) - non-compliance of notices under section 153C as well as 142(1) and 143(2) - Held that - CIT(A) dismissed the appeals of the assessee exparte without giving proper and sufficient opportunity of being heard an... ... ...

  • 2011 (9) TMI 445 - ITAT DELHI

    Penalty under 271F - No taxable income in last four A/Y - Assessee filed affidavit that original returns have been filed - Held THat - section 271F are applicable when there is a violation of non-filing the return when notices u/s 153 read with secti... ... ...

  • 2008 (5) TMI 353 - ITAT AGRA

    ... ...
    ... ... he Hon ble apex Court in the case of Pradip Lamps Works vs. CIT (2001) 169 CTR (SC) 1 (2001) 249 ITR 797 (SC) and Amin Chand Payarelal vs. IAC (2006) 204 CTR (SC) 585 (2006) 285 ITR 546 (SC). 8. In the result, the appeal by the assessee is dismissed.

  • 2007 (12) TMI 186 - MADRAS HIGH COURT

    Deposits in cash exceeding the prescribed limit - explanation offered with reference to the deposits received by the assessee has been accepted by the Commissioner of Income-tax (Appeals), and also by the Tribunal - There is no material available on ... ... ...

  • 2007 (9) TMI 27 - HIGH COURT , JHARKHAND

    Penalty -Alleged that assessee had received more than permissible amount u/s 269SS in cash and accordingly penalty imposed - Held that there is genuine reason for accepting the cash and accordingly penalty set aside

  • 2007 (6) TMI 198 - MADRAS HIGH COURT

    Non deduction of TDS assessee was under bona fide belief that tax is not required to be deducted - Tribunal has given a finding that there is a reasonable cause for not deducting the tax at source - Hence, the Tribunal is justified in deleting the pe... ... ...

  • 2007 (6) TMI 144 - MADRAS HIGH COURT

    Penalty AO imposed penalty on assessee u/s 271B of the Act for not providing any sufficient cause for belated filing of the audit report but rejected by the tribunal on the ground that there is reasonable cause for filing the report belatedly Tribunal order affirmed by the HC

  • 2004 (4) TMI 262 - ITAT CALCUTTA-B

    ... ...
    ... ... to be imposed as per law prevailing on the date of default. 21. In the ultimate analysis, the order imposing penalty of Rs. 5,000 under s. 271F on the present assessee is cancelled. 22. In the result, the appeal filed by the assessee stands allowed.

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