Tag Archive: 271(1)(c)

Q.Consequences of issue of penalty u/s 271(1)(c) without mentioning whether the notice is for concealment or the notice for furnishing of inaccurate particulars. ITAT Delhi decided the order on 3.11.2021 in the case of Acit, Central Circle-18, New … vs Inayatali Esmail Soomar, , Delhi. Kindly click the link to get full order.

Q.Consequences of issue of penalty u/s 271(1)(c) without mentioning whether the notice is for concealment or the notice for furnishing of inaccurate particulars. ITAT Delhi decided the order on 3.11.2021 in the case of Acit, Central Circle-18, New … vs…
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271(1)(c), AY 2006-07, Concealment of income, ITAT Delhi

December 22, 2021

ITAT BOMBAY on 13 March, 2020 hold that it is settled position of law that penalty u/s271(1)(c) cannot be levied when the additions as made by the AO was a pure estimate and nothing concrete as to bogus purchases were brought on records by the AO by making any further enquiries or investigation though the assessee failed to prove the genuineness of the alleged bogus purchases from the Hawala. ITO vs. PREMKUMAR SHEHGAL

ITAT BOMBAY on 13 March, 2020 hold that it is settled position of law that penalty u/s271(1)(c) cannot be levied when the additions as made by the AO was a pure estimate and nothing concrete as to bogus purchases were…
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271(1)(c), AY 2009-10, In Favour of Assessee, ITAT Mumbai

No Penalty 271(1)(c) ITAT Chandigarh held that since the income has already been declared in the valid ‎revised return (though after service of Summons issued by ADIT (inv.)) filed within the ‎limitation period prescribed for filing the same therefore, the penalty u/s 271(1)(c) in ‎respect of the aforesaid income declared is not leviable and the same is accordingly ‎ordered to be deleted. Penalty u/s 271AAC can be levied only when there is an addition ‎or disallowance and which it is deemed that he has evaded the payment of tax for ‎computing the penalty so leviable. ‎ Smt. Parkash Kaur, Ludhiana vs ACIT

ITAT Chandigarh held that since the income has already been declared in the valid revised return (though after service of Summons issued by ADIT (inv.)) filed within the limitation period prescribed for filing the same therefore, the penalty u/s 271AAC…
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271(1)(c), 271AAC, AY 2014-15, Chandigarh ITAT, In Favour of Assessee

BANGALORE TRIBUNAL on 4.6.2019 held that 271(1)(c) – non strike of limb in SCN-No penalty can be imposed. DESAI AND COMPANY vs. DCIT

BANGALORE TRIBUNAL on Jun 4, 2019 hold that the show cause notice u/s. 271(1)(c) of the Act in printed format having the charge “concealing particulars of income” or “furnishing of inaccurate particulars of income”. Since the AO failed to strike…
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271(1)(c), 274, AY 2006-07, Bangalore Tribunal, In Favour of Assessee, ITAT

November 16, 2019