Excerpt: Madras High Court M/S.Sundaram Finance Limited vs The Assistant Commissioner Of ... IN THE HIGH COURT OF JUDICATURE AT MADRAS Reserved on : 11.04.2018 Delivered on: 23.04.2018 CORAM THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAM AND THE HONOURABLE MR.JUSTICE N.SESHASAYEE T.C. (Appeal).Nos.876 and 877 of 2008 M/s.Sundaram Finance Limited (Formerly M/s.Sundaram Finance Services Ltd.,) 21, Patullous Road … Continue reading M/S.Sundaram Finance Limited vs The Assistant Commissioner Of Income Tax
The first appellateauthority found that there was a reasonablecause on the part of the assessee for notpaying the tax before filing the return.in view of 2ndproviso to section 221(1) of the Income Tax Act, no penalty could be imposed.
Excerpt: Admittedly, the entire stock and liquid cash were under the custody of the department. Under those circumstances, the first appellate authority found that there was a reasonable cause on the part of the assessee for not paying the tax before filing the return of income. This finding of the first appellate authority is not … Continue reading The first appellateauthority found that there was a reasonablecause on the part of the assessee for notpaying the tax before filing the return.in view of 2ndproviso to section 221(1) of the Income Tax Act, no penalty could be imposed.
C I T Ajmer vs M/S Rajasthan Vanaspati Products
Rajasthan High Court - Jodhpur C I T Ajmer vs M/S Rajasthan Vanaspati Products ... on 23 July, 2013 1 IN THE HIGH COURT OF JUDICATURE FOR RAJASTHAN AT JODHPUR :JUDGMENT: D.B. INCOME TAX APPEAL NO.46/2005 Commissioner of Income Tax, Ajmer Vs. Rajasthan Vanaspati Products Pvt. Ltd., Bhilwara Date of Judgment :: 23rd July, 2013 … Continue reading C I T Ajmer vs M/S Rajasthan Vanaspati Products
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