GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
What's New Case Laws Highlights Articles News Forum Short Notes Statutory TMI SMS More ...
Extracts
Home List
← Previous Next →

2015 (4) TMI 1048 - ITAT DELHI

2015 (4) TMI 1048 - ITAT DELHI - TMI - Penalty levied under sec. 271(1)(c) - income computed in accordance with the normal procedure is less than the income determined under sec. 115JB - CIT(A) deleted the penalty - Held that:- Hon'ble jurisdictional Delhi High Court in the case of CIT vs. Nalwa Sons Investments Ltd. [2010 (8) TMI 40 - DELHI HIGH COURT ] has been pleased to hold that where the income computed in accordance with the normal procedure is less than the income determined by legal fic .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

present case has rightly deleted the penalty levied on the basis of assessment framed under normal provisions keeping in mind that income computed in accordance with the normal procedure is less than the income determined under sec. 115JB of the Act - Decided in favour of assessee - ITA No. 5364/Del/2013 - Dated:- 16-4-2015 - SHRI N.K. SAINI AND SHRI I.C. SUDHIR For the Appellant: Shri Manoj Gupta,F CA For the Respondent: Shri P. Damkanjuna, Sr. DR ORDER PER I.C. SUDHIR: JUDICIAL MEMBER The Reve .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ss than book profits, the Hon'ble High Court was pleased to hold that penalty under sec. 271(1)(c) cannot be levied on the assessment made under sec. 115JB of the Income-tax Act, 1961. 2. The Learned DR on the other hand placed reliance on the penalty order with this contention that there was concealment of particulars of income and furnishing inaccurate particulars thereof on the part of the assessee and thus the Assessing Officer was justified in imposing penalty on the disallowance of fix .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Advanced Search


Latest Notifications:

    Dated      Category

20-7-2017 Cus (NT)

20-7-2017 GST CESS Rate

19-7-2017 IT

19-7-2017 IT

18-7-2017 IT

18-7-2017 CE (NT)

18-7-2017 CE

18-7-2017 GST CESS Rate

15-7-2017 Kerala SGST

14-7-2017 Andhra Pradesh SGST

14-7-2017 Cus (NT)

14-7-2017 Cus

13-7-2017 Co. Law

13-7-2017 Co. Law

13-7-2017 ADD

13-7-2017 ADD

12-7-2017 Jammu & Kashmir SGST

12-7-2017 Gujarat SGST

12-7-2017 Gujarat SGST

12-7-2017 CGST Rate

More Notifications


Latest Circulars:

21-7-2017 Goods and Services Tax

20-7-2017 Goods and Services Tax

20-7-2017 Goods and Services Tax

19-7-2017 Goods and Services Tax

19-7-2017 Income Tax

18-7-2017 Customs

17-7-2017 Customs

14-7-2017 Income Tax

13-7-2017 Central Excise

13-7-2017 Customs

More Circulars



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version