Judgements by Rupesh Maheshwari

In absence of finding, penalty proceedings without jurisdict

Rupesh Maheshwari 02 February 2009 at 16:15

Larger Bench of High Court deciding a bunch of Appeals vide a significant ruling has ruled that power to impose penalty under Section 271 of the Act depends upon the satisfaction of the Income Tax Officer in the course of the proceedings under the

Posted in Income Tax | 1960 Views

Penalty: Concealment of income - Voluntary surrender of inco

Rupesh Maheshwari 02 February 2009 at 16:15

There was a general investigation by the Investigation wing regarding a fake gift racket. There was no information with the AO when the assessee voluntarily surrendered the income, that gifts or credits received by assessee were fake. In the assessme

Posted in Income Tax | 7432 Views