This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Section 271(1)(c) Inapplicable if No Income Concealment by Assessee
Case Law Details
- Case Name
- Dineshkumar Kanjibhai Patel-HUF Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Ahmedabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Dineshkumar Kanjibhai Patel-HUF Vs ITO (ITAT Ahmedabad)
Introduction: This article discusses the recent order of ITAT Ahmedabad concerning Dineshkumar Kanjibhai Patel-HUF’s appeal against the penalty u/s Section 271(1)(c) of the Income Tax Act. The appellant claimed Long Term Capital Gain (LTCG) on the sale of shares but faced rejection from the Assessing Officer, leading to the penalty imposition.
Analysis: Dineshkumar Kanjibhai Patel-HUF filed a return of income declaring income after claiming exemption under Section 10(38) for LTCG earned from the sale of shares. Howe...
