TaxTMI Login
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →Just a moment...
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →
Press 'Enter' to add multiple search terms. Rules for Better Search
Use comma for multiple locations.
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
Issues: Whether penalty under section 271(1)(c) of the Income-tax Act, 1961 could survive after the corresponding quantum additions in respect of the repairs and maintenance grant and rental income were deleted.
Analysis: The additions which formed the foundation of the penalty had already been deleted in the quantum proceedings. In such circumstances, the basis for alleging concealment or furnishing of inaccurate particulars no longer survived. Once the underlying additions ceased to exist, the penalty proceedings could not be independently sustained.
Conclusion: The penalty was not exigible and was directed to be deleted.
Ratio Decidendi: Penalty under section 271(1)(c) cannot be sustained where the quantum additions on which it rests have been deleted.
TaxTMI 
TaxTMI 
