Case Law Details
Case Name : The Commissioner Of Income Tax-XVII Vs Cadbury India Limited (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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Brief:- Levy of penalty under section 271C is not automatic. Before levying penalty, the concerned officer is required to find out that even if there was any failure referred to in the concerned provision the same was without a reasonable cause. The initial burden is on the assessed to show that there existed reasonable cause which was the reason for the failure referred to in the concerned provision. Thereafter the officer dealing with the matter has to consider whether the Explanationn offered by the assessee or the person, as the case may be, as regards the reason for failure, was on accoun...
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please send me recent judgement on penalty u/s 271C undr I T Act 1961