Tribunal Appeal No.488/2007. (Extract in Part)
Money Mantan January 10, 2012
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Tribunal Appeal No.488/2007. (Extract in Part)

Appellants.  M/s. Santhoshi Matha saw mill timber & furniture works, Hunter road, Warangal. Vs. Respondent:                    The state of Andhra Pradesh. The assessing authority levied penalty at 5 times to the tax due. Contended that the assessment was completed U/s 14 (1) of the Act, therefore the penalty levied by the assessing authority U/s 14 […]

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Income Tax/ Penalty/ Cash Acceptance/ Loans, Deposits
Money Mantan October 31, 2011
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Income Tax/ Penalty/ Cash Acceptance/ Loans, Deposits

Description: Penalty Under Section 271D––Issues Regarding–Kedar Nath Bohra Section 269SS. In Bhikhabhai Dhanjibhai patel v. Asstt.CIT (2010) 32 (II) ITCL 58 (Ahd ‘A’ – Trib) : (2010) 127 TTJ (Ahd ‘A’-Trib) 479, ‘P’ paid Rs. 8 lakhs. The revenue authorities levied penalty under sections 271D and 271E. It was held that on facts, the amount […]

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