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Case Law Details

Case Name : CIT Vs Atul Mohan Bindal (Supreme Court of India)
Related Assessment Year :
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RELEVANT PARAGRAPH

4. Atul Mohan Bindal – assessee filed return of his income for Assessment Year 2002-03 on August 8, 2002 declaring his total income Rs.1,98,50,021/ -. In the assessment proceedings u/s 143, a notice alongwith questionnaire was issued to him by the Assessing Officer on November 29, 2002. Pursuant thereto, assessee attended the assessment proceedings and furnished the requisite details. During the assessment proceedings, it transpired that

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0 Comments

  1. rinki says:

    Hi,
    How much could be the Penalty if one failed to pay taxes on interest income 10% of whihcb though already captured in the form 16A, three years ago when filing return for assesment year 2009-2010? 
    What is the exact rule of penalty? Why it has to be so ambiguous 100% to 300%?

  2. rinki says:

    Hi,
    How much could be the Penalty if one fails to show interest income captured in form 16A, three years ago when filing return for assesment year 2009-2010? 
    What is the exact rule of penalty? Why it has to be so ambiguous 100% to 300%?

  3. ramendra kumar says:

    a penalty u/s 271 1c is imposed by ao, during the course of assessment proceeding a form 16 has left to show in return income buy tax is acurate deposit on the same income 2nd form 16 is partly income genrated by sister conserned of employer do not inculeded income 1st form 16 ,penalty under section 271 1c imposed 40000
    plz help me in appeal

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