CIT v. M/s Sidhartha Enterprises

184 Taxmann 460High Court2009#4634 most cited

What is CIT v. M/s Sidhartha Enterprises authority for?

Penalty under section 271(1)(c) is not leviable if the assessee did not deliberately furnish inaccurate particulars, and the concealment was not conscious.

25

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2016 to 2021.

Also referred to as

CIT v. Sidhartha Enterprises · penalty u/s 271(1)(c) · concealment of income · inaccurate particulars · deliberate furnishing · conscious concealment · bona fide claim · revenue

Judgments citing CIT v. M/s Sidhartha Enterprises

DECISION CRAFT ANALYTICS LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-1,, AHMEDABAD

In the result, both the appeals of the assessee are allowed

ITA 1162/AHD/2015[2008-09]Status: DisposedITAT Ahmedabad21 Jan 2019AY 2008-09

Bench: Justice P.P. Bhatt & Shri Waseem Ahmedआयकर अपील सं./Ita Nos.1161 & 1162/Ahd/2015 ("नधा"रण वष"/Assessment Years : 2007-08 & 2008-09) Decision Craft Analytics Ltd. The Dcit बनाम/ 601, Shahpath-Ii Circle-1 Vs. Opp. Rajpath Club Ahmedabad Sg Highway, Ahmedabad "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aabcc 5157 E .. (अपीलाथ"/Appellant) (""यथ" / Respondent) अपीलाथ" ओर से/ Appellant By : Shri Krupesh Patel, Ar ""यथ" क" ओर से/Respondent By: Shri Vinod Tanwani, Sr.Dr

For Appellant: Shri Krupesh Patel, ARFor Respondent: Shri Vinod Tanwani, Sr.DR
Section 10ASection 143(3)Section 271(1)(c)Section 274

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE JUSTICE P.P. BHATT, PRESIDENT And SHRI WASEEM AHMED, ACCOUNTANT MEMBER आयकर अपील सं./ITA Nos.1161 & 1162/Ahd/2015 ("नधा"रण वष"/Assessment Years : 2007-08 & 2008-09) Decision Craft Analytics Ltd. The DCIT बनाम/ 601, Shahpath-II Circle-1 Vs. Opp. Rajpath Club Ahmedabad SG Highway, Ahmedabad "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AABCC 5157 E .. (अपीलाथ"/Appellant) (""यथ" / Respondent) अपीलाथ" ओर से/ Appellant by : Shri Krupesh Patel, AR ""यथ" क" ओर से/Respondent by: Shri Vinod Tanwani, Sr.DR 03/01/2019 सुनवाई क" तार"ख/ Date of Hearing घोषणा क"…

DECISION CRAFT ANALYTICS LTD.,AHMEDABAD vs. THE DY.CIT.,CIRCLE-1,, AHMEDABAD

In the result, both the appeals of the assessee are allowed

ITA 1161/AHD/2015[2007-08]Status: DisposedITAT Ahmedabad21 Jan 2019AY 2007-08

Bench: Justice P.P. Bhatt & Shri Waseem Ahmedआयकर अपील सं./Ita Nos.1161 & 1162/Ahd/2015 ("नधा"रण वष"/Assessment Years : 2007-08 & 2008-09) Decision Craft Analytics Ltd. The Dcit बनाम/ 601, Shahpath-Ii Circle-1 Vs. Opp. Rajpath Club Ahmedabad Sg Highway, Ahmedabad "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aabcc 5157 E .. (अपीलाथ"/Appellant) (""यथ" / Respondent) अपीलाथ" ओर से/ Appellant By : Shri Krupesh Patel, Ar ""यथ" क" ओर से/Respondent By: Shri Vinod Tanwani, Sr.Dr

For Appellant: Shri Krupesh Patel, ARFor Respondent: Shri Vinod Tanwani, Sr.DR
Section 10ASection 143(3)Section 271(1)(c)Section 274

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE JUSTICE P.P. BHATT, PRESIDENT And SHRI WASEEM AHMED, ACCOUNTANT MEMBER आयकर अपील सं./ITA Nos.1161 & 1162/Ahd/2015 ("नधा"रण वष"/Assessment Years : 2007-08 & 2008-09) Decision Craft Analytics Ltd. The DCIT बनाम/ 601, Shahpath-II Circle-1 Vs. Opp. Rajpath Club Ahmedabad SG Highway, Ahmedabad "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AABCC 5157 E .. (अपीलाथ"/Appellant) (""यथ" / Respondent) अपीलाथ" ओर से/ Appellant by : Shri Krupesh Patel, AR ""यथ" क" ओर से/Respondent by: Shri Vinod Tanwani, Sr.DR 03/01/2019 सुनवाई क" तार"ख/ Date of Hearing घोषणा क"…

ASST CIT CIR 6(1)(2), MUMBAI vs. BOOKER INDIA P.LTD, MUMBAI

In the result, the appeal filed by the revenue is hereby ordered to be dismissed

ITA 535/MUM/2017[2009-10]Status: DisposedITAT Mumbai12 Oct 2018AY 2009-10

Bench: Shri G. S. Pannu, Am & Shri Amarjit Singh, Jm आयकर अपील सं/ I.T.A. No.535/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2009-10) Acit (Cir)-6(1)(2) बिधम/ M/S. Booker India Pvt. Ltd. R.No. 563, 5Th Floor, No. 607, Trade Centre, Vs. Aayakar Bhavan, M.K. Bandra Kurla Complex, Road, Churchgate, Mumbai- Bandra (E), Mumbai- 400051. 400051. स्थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aadcb3571B (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) Revenue By: Shri Chaitanya Anjaria (Dr) Assessee By: Shri Aliasger Rampurawla & Shri Ravi Sawana सुनवाई की तारीख / Date Of Hearing: 14.08.2018 घोषणा की तारीख /Date Of Pronouncement: 12.10.2018 आदेश / O R D E R Per Amarjit Singh, Jm: The Revenue Has Filed The Present Appeal Against The Order Dated 02.11.2016 Passed By The Commissioner Of Income Tax (Appeals) -12, Mumbai [Hereinafter Referred To As The “Cit(A)”] Relevant To The A.Y.2009- 10 In Which The Penalty Levied By The Ao Has Been Ordered To Be Deleted. 2. The Revenue Has Raised The Following Grounds: - "1. "Whether On (He Facts & In The Circumstances Of The Case & In Taw, The Id Cit(A) Was Right In Deleting The Penalty Levied U/S 271(1)(C) Of Rs.98,05,079/- & Failed To Appreciate That Penalty Has Been Levied On Account Of The A.Y.2009-10

For Appellant: Shri Aliasger Rampurawla &For Respondent: Shri Chaitanya Anjaria (DR)
Section 143(3)Section 271(1)(c)Section 27l(1)(c)Section 37(1)Section 37A

…f income of appellant did not deliberately furnish inaccurate particulars and before the question of penalty does not arise. Reliance is also placed by me in the case of P V Rammanna Reddy vs ITO (ITAT Hyderabad), in the case of CIT vs Sidddharth Enterprises (184 Taxmann 460) (Punjab & Haryana High Court) and Ltd vs ECS Ltd (336) 1TR 162) (Delhi High Court). Thus in the light of the above discussing it is held that the appellant is not liable for penalty u/ s 271(l)(c) and so 1 allow t ese Grounds of Appeal.” 5. On appraisal of the above said finding, we noticed that the addition by the AO in sum of Rs.2,88,46,95…

INSTITUTE OF HAEMATOLOGY,NEW DELHI vs. ITO (E), WARD- 1(2), NEW DELHI

In the result, the appeal of the assessee is allowed

ITA 453/DEL/2018[2010-11]Status: DisposedITAT Delhi31 Aug 2018AY 2010-11

Bench: Sh. N. K. Sainiita No. 453/Del/2018 : Asstt. Year : 2010-11 Institute Of Haematology, Vs Income Tax Officer(E), 11/6-B, Shanti Chambers, Pusa Ward-1(2), Road, New Delhi-110005 New Delhi (Appellant) (Respondent) Pan No. Aaati4626P Assessee By : Sh. T. R. Talwar, Adv. Revenue By : Ms. Ashima Neb, Sr. Dr Date Of Hearing : 06.06.2018 Date Of Pronouncement : 31.08.2018 Order This Is An Appeal By The Assessee Against The Order Dated 02.08.2017 Of Ld. Cit(A)-40, Delhi. 2. The Only Grievance Of The Assessee In This Appeal Relates To The Sustenance Of Penalty Of Rs.68,598/- Levied By The Ao U/S 271(1)(C) Of The Income Tax Act, 1961 (Hereinafter Referred To As The Act).

For Appellant: Sh. T. R. Talwar, AdvFor Respondent: Ms. Ashima Neb, Sr. DR
Section 12ASection 13(3)Section 143(3)Section 164(2)Section 271(1)(c)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘SMC’, NEW DELHI Before Sh. N. K. Saini, Accountant Member ITA No. 453/Del/2018 : Asstt. Year : 2010-11 Institute of Haematology, Vs Income Tax Officer(E), 11/6-B, Shanti Chambers, Pusa Ward-1(2), Road, New Delhi-110005 New Delhi (APPELLANT) (RESPONDENT) PAN No. AAATI4626P Assessee by : Sh. T. R. Talwar, Adv. Revenue by : Ms. Ashima Neb, Sr. DR Date of Hearing : 06.06.2018 Date of Pronouncement : 31.08.2018 ORDER This is an appeal by the assessee against the order dated 02.08.2017 of ld. CIT(A)-40, Delhi. 2. The only grievance of the assessee in this appeal re…

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CIT v. M/s Sidhartha Enterprises (184 Taxmann 460) — Cited in 25 Judgments | BharatTax