ITAT Surat

ITAT deletes penalty on Failure of AO to mention specific limb of section 271(1)(c); Penalty cannot be imposed for mere valuation difference

Shah Virchand Govanji Jewellers Pvt. Ltd. v. ACIT-Valsad (ITAT Surat) - 

Penalty U/s. 271(c) Addition for difference on account of method of valuation of Closing Stock without any intention to to conceal income or furnishing of inaccurate particulars of income not justified...

Read More
Posted Under: Income Tax | | ,

Browse All Categories

CA, CS, CMA (3,934)
Company Law (4,142)
Corporate Law (4,173)
Custom Duty (7,114)
DGFT (3,786)
Excise Duty (4,170)
Fema / RBI (3,547)
Finance (3,748)
Goods and Services Tax (8,067)
Income Tax (28,344)
SEBI (2,985)
Service Tax (3,413)

Latest Posts

  1. IGST Refund: HC allows modifications in GSTR-1 & GSTR-3B
  2. Date of Occupancy Certificate should be treated as date of completion: AAR
  3. Non reduction of Chocolate price after GST Rate reduction is Profiteering: NAA
  4. SEBI (Mutual Funds) (Third Amendment) Regulations, 2018
  5. Procedural checklist for conversion of Partnership Firm into Private Company
  6. An analysis of Impact of Companies (Cost Records and Audit) Amendment Rules, 2018
  7. Private Placement
  8. Haryana Goods and Services Tax (Amendment) Act, 2018
  9. 28% GST Payable on Disc Brake Pads under chapter heading 8708
  10. GST payable on transportation charges Levied by Emco on Powergrid
View All Latest Posts

Popular Posts

  1. Online GST Certification Course by TaxGuru & MSME- Register Now
  2. Annual Return-GSTR 9
  3. CBIC extends due date of filing Form GSTR-9, GSTR-9A & GSTR-9C
  4. Join 4 day GST Certified Advance Practitioner course of M.S.M.E.
  5. GST: Concept & Status (Updated as on 01st November 2018)
  6. Turnover Meaning under GST Audit
  7. GST Certified Practitioner Advanced Training course by MSME
  8. GSTR-9 Annual Return – Just a consolidate Return
  9. FAQ’s on Form GSTR – 9C (GST Audit Report)
  10. Responsibilities of management and GST auditor in GST audit
View All Popular Posts

Featured Posts

View All Featured Posts