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Cit vs suresh chandra mittal

WebAug 12, 2024 · The assessee has relied on the following judgment. “Sale consideration offered for tax on receipt of notice u/s. 148 to buy peace of mind. Not proved by department that explanation of assessee was not bona fide Suresh Chandra Mittal relied SLP of dept dismissed In the case of CIT V/s. 1. Rajiv Garg 2. Siya Ram Garg 3. Sanjay Garg 4. Webcourt in the case of CIT vs. Suresh Chandra Mittal(2001) 251 ITR 9 (SC), affirming the decision by the Madhya Pradesh High Court ( reported at 241 ITR 124 (MP)) wherein the returns admitting additional income filed beyond the time limit available for furnishing revised returns were not considered invalid on that score. Further, a similar issue, had

Penalty not justified on voluntary surrender of …

Webcit vs suresh chandra mittal 251 itr 9 income tax income tax F: Deleration in Annexure v F: Applicability of GST F: Switching Over From Regular to Composition Scheme F: Input tax credit F: Transporter issuing builty required to take gst registration? F: Non Genration of E-way Bill or genration of Incorrect E-Way bill , Imp... Webproceedings are not conclusive. The decision in CIT vs. Suresh Chand Mittal(251 ITR 9) (SC) further fortifies the case of the assessee. In the present appeal, when the wrong claim/mistake was brought to the notice of the assessee, that too, during assessment proceedings itself (before passing the assessment order), the assessee paid the due taxes, great lakes trawler yachts for sale https://fatfiremedia.com

Prajwal Arvind Kamath, Thane vs Assessee on 14 March, 2012

WebJul 26, 2001 · CIT vs Suresh Chandra Mittal – Supreme Court of India TG Team Income Tax - Judiciary Download PDF 26 Jul 2001 9,245 Views 0 comment Case Law Details … WebJul 6, 2016 · The Hon'ble Supreme Court has in fact confirmed the order of Madhya Pradesh High Court in CIT v. Suresh Chandra Mittal in which Hon'ble High Court had held that in this case the surrender was made after persistent queries made by the AO. Still, it was held by the Court that no penalty should be leived. WebApr 15, 2012 · Contrast with Suresh Chandra Mittal 241 ITR 124 (MP) affirmed in 251 ITR 9 (SC) & CIT vs. Rajiv Garg 313 ITR 256 (P&H) & SAS Pharmaceuticals 335 ITR 176 … flocking tools

B. Damodar Vaman Baliga vs Jt. Cit on 2 August, 2005 - Indian …

Category:Section 271 (1) (c) of the Income-tax Act, 1961 - CAclubindia

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Cit vs suresh chandra mittal

Section 271 (1) (c) of the Income-tax Act, 1961 - CAclubindia

WebSir Shadilal Sugar and General Mills Ltd vs. CIT (1987) 168 ITR 705 (SC) CIT vs. Suresh Chandra Mittal (2001) 251 ITR 9 (SC) Even after proviso to explanation 1, voluntary surrender to buy peace penalty u/ s 271 (1) (c) can not be levied. Ramnath Jaganath vs. State of Maharashtra(1984) 57 STC 46,51 (Bom), WebThe Hon'ble Supreme Court in the case of CIT vs. Suresh Chand Mittal, 251 ITR 9 (SC) held that in a case where the assessee originally filed return showing meager income, but after action u/s.132 in response to notice u/s.148, the assessee filed revised return showing higher income and the eventual assessments were based on such return, penalty …

Cit vs suresh chandra mittal

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WebC.R. Nagappa vs Commissioner Of Income-Tax on 4 September, 1968. ... vs Asstt. Cit on 21 May, 2004. Warning on Translation. User Queries. income tax returns . tax extender. … WebMar 18, 2024 · In Suresh Chandra Mittal's case (supra) the Court came out with an epoch-making ruling, viz., if an assessee files a revised …

WebSuresh Chandra Mittal (2001) 251 ITR 9 (SC) He also relied upon the decision of ITAT, Bangalore in the following cases: IT Appeal No. 3480 (Bang.) of 2004 in the case of V. Krishnamurty v. Income Tax Officer dated 31-3-2005, IT Appeal No. 178 (Panaji) of 2002 in the case of Asstt. CIT v. G.L. Acharya dated 1-4-2005. WebIn case of CIT vs. Suresh Chandra Mittal 251 ITR 9 (SC), Hon'ble Supreme Court observed that if the assessee has offered the additional income to buy peace of mind and to avoid litigation penalty u/s.271 (1) (c) of the Act cannot be levied.

WebIn case of CIT vs. Suresh Chandra Mittal 251 ITR 9 (SC), Hon'ble Supreme Court observed that if the assessee has offered the additional income to buy peace of mind … WebCommissioner Of Income-Tax vs Suresh Chandra Mittal on 26 July, 2001 Section 133(6) in The Income- Tax Act, 1995 Warning on Translation User Queries long terms capital gains stock exchange revised return bogus Revise income income or capital gains sale of share penalty proceedings suresh chandra mittal section 133(6) sureshchandra suresh …

Webvi. CIT vs Suresh Chandra Mittal(2000) 241 ITR 124 (MP) 2.2. We have considered the rival submissions and perused the material available on record. The facts, in brief, are that a search and seizure operation u/s 132 of the Act was carried out at the business premises of M/s Etco Group as well as at the

great lakes tribe clueWebMay 3, 2024 · ORIGINAL PDF. Manjit Singh v. Cit. This appeal by Assessee has been directed against the Order of the Ld. CIT (A)10, New Delhi, Dated 26.07.2024, for the … great lakes tree service jamestown nyWebcase of SureshChandra Mittal vs. CIT (Supra), the Madhya Pradesh High Court has held that the assessment was made by the Revenue and once the assessing authorities had failed to take any objection in the matter of surrender of income made by the assessee in his revised return, the explanation that he had flocking toxic to catsWebNov 23, 2016 · The assessee also relied on the judgment of Honble Supreme Court in the case of CIT Vs. Suresh Chandra Mittal [251 ITR 9]. In the case relied up on by the assessee, the assessee has revised return of income under section 148 of the Act showing more income. Thereafter orders of the :: 7 :: ITA No.1450/Mds/2016 reassessment were … great lakes tribal councilWebThe assessee has filed this appeal for assessment year 2002-03 against the order of learned CIT(Appeals) dated 17th January, 2011 disputing the confirmation of penalty of Rs.2,91,552/- levied u/s 271(1)(c). ... The Tribunal after considering the decision of Hon'ble Apex Court in the case of CIT vs. Suresh Chandra Mittal 251 ITR 9 deleted the ... great lakes tree service michiganWebIndian Kanoon - Search engine for Indian Law great lakes tribesmen crossword clueWeb1 day ago · However, the AO initiated penalty proceeding under section 271 (1) (c) of the Act for concealment of income and finally levied the penalty which was also confirmed by the learned CIT (A). 10.1 It is a settled position of law that the penalty proceedings are different from assessment proceedings. great lakes tribe crossword clue