2018 (11) TMI 1796

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..... by the Judgment of this Court in the case of COMMISSIONER OF INCOME-TAX AND ANOTHER v. MANJUNATHA COTTON AND GINNING FACTORY OTHERS [ 2013 (7) TMI 620 - KARNATAKA HIGH COURT ] wherein the said question of law was held in favour of the assessee and against the revenue. It was held that the notice under Section 274 of the Act should specifically state with regard to the concealment or for furnishing .....

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..... ustified in law in confirming the penalty of ₹ 43,500/- for the assessment year 1999-00, ₹ 12,000/- for the assessment year 2001-02, ₹ 7,000/- for the assessment year 2002-03, ₹ 1,05,500/- for the assessment year 2003-04, ₹ 1,68,500/- for the assessment year 2004-05 and ₹ 5,72,000/- for the assessment year 2005-06 on the facts and circumstance of the case ? 3. W .....

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..... TAX AND ANOTHER v. MANJUNATHA COTTON AND GINNING FACTORY OTHERS reported in [2013] 359 ITR 565, wherein the said question of law was held in favour of the assessee and against the revenue. It was held that the notice under Section 274 of the Act should specifically state with regard to the concealment or for furnishing of incorrect particulars of income. In view of the answer to the substantial qu .....

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