Court :
High Court
Brief :
Order of penalty MUST clearly state the reasons of penalty !
Citation :
New Sorathia engineering co Vs CIT
New Sorathia engineering Co. Vs. C.I.T.
(2006) 282 ITR 642 (Gujarat)
Case Fact: Whether an order of penalty must clearly state the reason for penalty?
Decision: Held by the Hon"ble court that it is incumbent upon the Assessing Officer to state whether penalty was being levied for concealment of particulars of income by the assessee or whether any inaccurate particulars of income had been furnished by the assessee.
Judgement posted by
CA.Saibaburao Nanduri
Chartered Accountant
I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more
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