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 The ACIT, Central Circle-2, Room No.323, 3rd Floor, ARA Centre, Jhandewalan Extn., New Delhi. Vs. M/s. Majestic Properties (P) Ltd., 1/18B, Asaf Ali Road, New Delhi.a
 DCIT, Circle-Najibabad, Wahid Nagar, Najibabad Vs. Bijnor Urban Co-operative Bank Ltd, Civil Lines, Bijnor
 Harish Kumar, (Huf), 5/21, Shanti Niketan, New Delhi – 110 021 Vs. Dcit, Circle 34(1), New Delhi Room No. 804, 8th Floor Bhawan, Civic Centre, New Delhi – 110 002
 M/s Raman Kumar Sawhney, New Delhi. Vs. ITO, Ward-50(3), New Delhi.a
 M/s. T. V. Today Network Limited F-26, Connaught Place, New Delhi Vs. Addl. CIT Range- 16 New Delhi
 M/s Bhandari Fibretech Pvt.Ltd., S-20, Okhla Industrial Area, Phase-2, Vs. Income Tax Officer, Ward-4(4), New Delhi.
 45 LPA-Opening Associate CFO
 ITD-ITD CEM JV Vs. Commissioner Of Trade & Taxesa
 Chetan Sabharwal Vs. Assistant Commissioner Of Income Tax, Circle 28 (1)
 DCIT, Central Circle-4, New Delhi Vs. M/s. Abhisar Buildwell (P) Ltd., 1711, S.P. Mukharjee Marg, Delhi
 ACIT, Circle-22(2), Room No.226, 02nd Floor, C.R. Building, I.P. Estate, New Delhi Vs. M/s Schneider Electric India (P.) Ltd. 9th Floor, Tower C, Building No.10, DLF Cyber City, Phase-II, Gurgaon,

Amrut Tubewell Company vs. ACIT (Gujarat High Court)
December, 02nd 2014

S. 271(1)(c) & 273(2)(a): Penalty cannot be mechanically levied. Cogent reasons have to be given

Sections 271(1)(c) and 273(2)(a) empower the AO to impose penalty on an assessee in a case, where, (1) there is concealment of income or (2) conscious attempt to provide the particulars of income which is untrue. Meaning thereby, the AO cannot impose penalty in case of an assessee mechanically, merely on the ground of addition of certain amount, over and above the amount already declared by the assessee, and that he has to record reasons specifying that there was either concealment of income or supplying of untrue particulars of taxable income for the relevant year.

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