banner_ad

imposition of penalty u/s 271(1)(c)

This query is : Resolved 
Profile Image

Guest

Profile Image

Guest (Querist)
04 February 2009 facts of the case:
date of search: 10/10/2008
return u/s 153A is not yet filled for A.Y. 2008-09
due date of return: 30/09/2008
undisclosed income admited u/s 132(4)is Rs. 27500000/-

sir i am confused (1) whether penalty u/s 271(1)(c) will be applicable or not.
(2) whether explanation 5 to section 271(1)(c) will be applicable
(3) whether penalty will be applicable even if the assessee admited the undisclosed income u/s 132(4).
(4)whether there is any way to save my client?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
04 February 2009 Minimum penalty will sustain since mens rea is not an essential ingredient of section 271(1)(c) and there is no discretion with the authority competent to impose penalty below the prescribed minimum. Citation:-Union Of India & Ors. Vs. Dharamendra Textile Processors & Ors.(2008)219 CTR 617 (SC).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details