What is Pr.CIT v. Golden Peace Hotels and Resorts (P.) Ltd. authority for?

Penalty proceedings under section 271(1)(c) are not sustainable if the Assessing Officer has not recorded satisfaction regarding concealment of income or furnishing of inaccurate particulars by the assessee. Such satisfaction is a prerequisite for initiating penalty proceedings.

Which sections of the Income Tax Act does Pr.CIT v. Golden Peace Hotels and Resorts (P.) Ltd. come up under?

It is most often cited in judgments turning on Section 271(1)(c), Section 274, Section 143(3), Section 153, Section 153C, Section 292B.

Pr.CIT v. Golden Peace Hotels and Resorts (P.) Ltd. (124 Taxmann.com 248)

Q: How many judgments cite Pr.CIT v. Golden Peace Hotels and Resorts (P.) Ltd.?

32 judgments on BharatTax cite Pr.CIT v. Golden Peace Hotels and Resorts (P.) Ltd. (124 Taxmann.com 248), spanning 2021 to 2025.

EVEREST KANTO CYLINDER LTD,MUMBAI vs. DCIT CIRCLE 3(4), MUMBAI

In the result, the appeal of the assessee is allowed

ITA 5790/MUM/2025[2010-11]Status: DisposedITAT Mumbai10 Dec 2025AY 2010-11

Bench: Shri Rahul Chaudhary & Shri Prabhash Shankareverest Kanto Cylinder V/S. Deputy Commissioner Of Ltd. बनाम Income Tax, Circle – 3(4), 204,Raheja Centre, Free World Trade Centre 1, Cuffe Press Journal Marg, Parade, Mumbai – 400005, Nariman Point, Mumbai – Maharashtra 400 021, Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaace0836F Appellant/अपीलार्थी .. Respondent/प्रतिवादी

For Appellant: Shri Shekhar Gupta,ARFor Respondent: Shri Hemanshu Joshi, (Sr.DR)

Section 115JSection 143(3)Section 271(1)Section 271(1)(c)Section 274

…IN THE INCOME-TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER Everest Kanto Cylinder v/s. Deputy Commissioner of Ltd. बनाम Income Tax, Circle – 3(4), 204,Raheja Centre, Free World Trade Centre 1, Cuffe Press Journal Marg, Parade, Mumbai – 400005, Nariman Point, Mumbai – Maharashtra 400 021, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACE0836F Appellant/अपीलार्थी .. Respondent/प्रतिवादी Appellant by : Shri Shekhar Gupta,AR Respondent by : Shri Hemanshu Joshi, (Sr.DR) Date of Hearing 12.11.2025 Date of Pronouncement 10.12.2…

DCIT CENTRAL CIRCLE 7 (1) MUMBAI , MUMBAI vs. PANTHER INVESTRADE LIMITED, MUMBAI

In the result, both the Cross appeals no

ITA 416/MUM/2025[2003-04]Status: DisposedITAT Mumbai04 Aug 2025AY 2003-04

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

For Appellant: Shri Rajiv Khandelwal & Akash Kumar, ARsFor Respondent: Shri Virabhadra S. Mahajan (Sr. DR)

Section 271(1)(c)

…IN THE INCOME-TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI SANDEEP GOSAIN, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA no.416/MUM/2025 (A.Y. 2003-04) Deputy Commissioner of v/s. Panther Investrade Limited, Income Tax, Central Circle – बनाम 121, 1st Floor, Radha Bhavan 7(1), 653, 6th Floor, Aaykar Nagindas Master Road, Fort, Bhavan, M.K. Road, Mumbai – Mumbai – 400 023, 400 020, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACP3259R Appellant/अपीलार्थी .. Respondent/प्रतिवादी प्रत्याक्षेपसं./C.O. No.50/MUM/2025 (Arising out of ITA No. 416/MUM/2025) (A.Y. 2003-04) प्रत…

DCIT(CENTRAL CIRCLE)-7(1), MUMBAI vs. PANTHER INVESTRADE LIMITED, MUMBAI

In the result, both the Cross appeals no

ITA 415/MUM/2025[2002-03]Status: DisposedITAT Mumbai04 Aug 2025AY 2002-03

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

For Appellant: Shri Rajiv Khandelwal & Akash Kumar, ARsFor Respondent: Shri Virabhadra S. Mahajan (Sr. DR)

Section 271(1)(c)

…IN THE INCOME-TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI SANDEEP GOSAIN, JUDICIAL MEMBER & SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA no.416/MUM/2025 (A.Y. 2003-04) Deputy Commissioner of v/s. Panther Investrade Limited, Income Tax, Central Circle – बनाम 121, 1st Floor, Radha Bhavan 7(1), 653, 6th Floor, Aaykar Nagindas Master Road, Fort, Bhavan, M.K. Road, Mumbai – Mumbai – 400 023, 400 020, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACP3259R Appellant/अपीलार्थी .. Respondent/प्रतिवादी प्रत्याक्षेपसं./C.O. No.50/MUM/2025 (Arising out of ITA No. 416/MUM/2025) (A.Y. 2003-04) प्रत…

DCIT, CENTRAL CIRCLE - 7(1), MUMBAI , MUMBAI vs. TRIUMPH SECURITIES LTD, MUMBAI

In the result, the appeal of the revenue bearing ITA No

ITA 962/MUM/2024[2003-04]Status: DisposedITAT Mumbai15 Jan 2025AY 2003-04

For Appellant: \nShri Rajiv Khandelwal (VirtuallyFor Respondent: \nDr. P. Daniel – Spl. Counsel

Section 250Section 271(1)(c)Section 274

…{ "clean_text": "IN THE INCOME TAX APPELLATE TRIBUNAL\nMUMBAI BENCH “E”, MUMBAI\nBEFORE SHRI AMARJIT SINGH, ACCOUNTANT MEMBER AND\nSHRI ANIKESH BANERJEE, JUDICIAL MEMBER\nITA No.962/Mum/2024\n(Assessment Year: 2003-04)\nDCIT, Central Circle-7(1), vs TRIUMPH SECURITIES LTD,\nMumbai, 121, Radha Bhavan, 1ST Floor,\nRoom No.676B, 6th Floor, Nagindas, Master Road, Fort,\nAayakar Bhavan, M.K. Road, Mumbai-400 023\nMumbai-400 020\nPAN: AABCT1510A\nAPPELLANT\nRESPONDENT\nAssessee by :\nShri Rajiv Khandelwal (Virtually\nappeared)\nRespondent by :\nDr. P. Daniel – Spl. Counsel\nDate of hearing\n:\n16/01/2025\nDate of pro…

SRI. BASAVANA MATHIKERE BETASWAMY GOWDA RAMASWAMY GOWDA ,BANGALORE vs. INCOME TAX OFFICER, WARD-2(2)(2), BANGALORE

In the result, the appeal of the assessee is hereby partly allowed

ITA 1313/BANG/2024[2009-10]Status: DisposedITAT Bangalore25 Nov 2024AY 2009-10

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Year: 2009-10

For Appellant: Ms. Sunaina Bhatia, AdvocateFor Respondent: Shri V Parithivel, JCIT (DR)

Section 271(1)(C)Section 271(1)(c)Section 274

…sence of any specific charge for initiation of penalty u/s 271(1)(c) of the Act, the penalty levied u/s 271(1)(c) of the Act is not sustainable. The Hon’ble High Court of Bombay in the case of Pr. CIT VS. Golden Peas Holiday and Resorts Pvt. Ltd., reported in 124 Taxmann.com 248 has held as under: 5. We have carefully examined the record as well as duly considered the rival contentions. Both the Commissioner (Appeals) as well as the ITAT have categorically held that in the present case, there is no record of satisfaction by the Assessing Officer that there was any concealment of income or that any inaccurate part…

S.AMIT & CO.,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-19(3), MUMBAI

In the result, appeal filed by the Assessee is allowed

ITA 3015/MUM/2023[2009-10]Status: DisposedITAT Mumbai20 Dec 2023AY 2009-10

Bench: Shri.Narender Kumar Choudhry () & Shri Gagan Goyal()

Section 143(1)Section 148Section 250Section 271(1)(c)Section 274

…1 ITA 3015/Mum/2023 S. Amit & Co. IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “G”, MUMBAI BEFORE SHRI.NARENDER KUMAR CHOUDHRY (JUDICIAL MEMBER) AND SHRI GAGAN GOYAL(ACCOUNTANT MEMBER) I.T.A. No.3015/Mum/2023 (Assessment year : 2009-10) S.Amit & Co. vs Asst. Commissioner of Income- 42, 4th Floor, Garden View tax, Circle-19(3), Mumbai 45, August Kranti Marg Near Gowalia Tank Mumbai-400 036 PAN: AAGFS8553A APPLICANT RESPONDENT Present for the Assessee Shri Ketan L Vajani – Ld. CA Present for the Department ShriMahesh Parwani - Ld. SR DR Date of hearing 12/12/2023 Date of pronouncement 20/12/2023 O R D E…

BRAGANZA AND FULARI VENTURES PRIVATE LIMITED,MAPUSA vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE - 2(1), PANAJI

In the result, the appeal is allowed

ITA 28/PAN/2022[2014-15]Status: DisposedITAT Panaji06 Oct 2023AY 2014-15

Bench: Shri R.S. Syal & Shri S.S.Viswanethra Raviआयकर अपीऱ सं. / Ita No.28/Pan/2022 निर्धारण वषा / Assessment Year : 2014-15 Braganza & Fulari Ventures Vs. Acit, Private Limited, Circle-2(1), 303-304, 3Rd Floor, Panaji B&F Habitat Building, Canca Parra Bypass, Ximer Bardez, Mapusa, Goa – 403507 Pan : Aaecb3628E Appellant Respondent

Section 143(3)Section 271(1)(c)

…IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH, PANAJI (AT e-Court, PUNE) BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI S.S.VISWANETHRA RAVI, JUDICIAL MEMBER आयकर अपीऱ सं. / ITA No.28/PAN/2022 निर्धारण वषा / Assessment Year : 2014-15 Braganza and Fulari Ventures Vs. ACIT, Private Limited, Circle-2(1), 303-304, 3rd Floor, Panaji B&F Habitat Building, Canca Parra Bypass, Ximer Bardez, Mapusa, Goa – 403507 PAN : AAECB3628E Appellant Respondent Assessee by None Revenue by Shri N. Shrikanth Date of hearing 05-10-2023 Date of pronouncement 06-10-2023 आदेश / ORDER PER R.S.SYAL, VP : This appeal by the assessee i…

SHRI RAJESH RAMCHANDRA DAKE,PANVEL vs. DY CIT CC-1, MUMBAI

ITA 2/MUM/2021[2010-11]Status: DisposedITAT Mumbai28 Dec 2022AY 2010-11

Bench: Shri Amit Shukla, Jm & Shri S. Rifaur Rahman, Am आयकरअपीलसं./ I.T.A. No. 02 & 04/Mum/2021 (ननधधारणवर्ा / Assessment Year: 2010-11 & 2012-13) Dcit, Cen. Cir-1, Shri Rajesh 6Th Floor, R. No. 10, A- Ramchandra Dake, बनाम/ B/2, Usha Prabha Chs, Wing, Ashar It Park, Ram Ganesh Gadkari Raoda No. 16-Z, Wagle Vs. Indl. Estate Marg, Prabhu Ali, Thane-400 604 Panvel – 410206, स्थधयीलेखधसं./जीआइआरसं./ Pan No. Afqpd1100D (अपीलधथी/Appellant) (प्रत्यथी / Respondent) : अपीलधथीकीओरसे/ Appellant By : None प्रत्यथीकीओरसे/Respondent By : Shri Sanjay V. Deshmukh, Ld. Dr सुनवधईकीतधरीख/ : 28.12.2022 Date Of Hearing घोर्णधकीतधरीख / : 28.12.2022 Date Of Pronouncement आदेश / O R D E R Per Amit Shukla: The Aforesaid Appeals Have Been Filed By The Assessee Against The Consolidated Order Of Even Date 19.09.2019, Passed By Ld. Cit(A)-11, Pune In Relation To Penalty Proceedings U/S 271(1)(C) For Ay 2010-11 & 2012-13. 2

For Appellant: NoneFor Respondent: Shri Sanjay V

Section 143(3)Section 271Section 271(1)(c)Section 274Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI AMIT SHUKLA, JM & SHRI S. RIFAUR RAHMAN, AM आयकरअपीलसं./ I.T.A. No. 02 & 04/Mum/2021 (ननधधारणवर्ा / Assessment Year: 2010-11 & 2012-13) DCIT, Cen. Cir-1, Shri Rajesh 6th floor, R. No. 10, A- Ramchandra Dake, बनाम/ B/2, Usha Prabha CHS, wing, Ashar IT Park, Ram Ganesh Gadkari Raoda no. 16-Z, Wagle Vs. Indl. Estate Marg, Prabhu Ali, Thane-400 604 Panvel – 410206, स्थधयीलेखधसं./जीआइआरसं./ PAN No. AFQPD1100D (अपीलधथी/Appellant) (प्रत्यथी / Respondent) : अपीलधथीकीओरसे/ Appellant by : None प्रत्यथीकीओरसे/Respondent by : Shri Sanjay V. Deshmukh, Ld. DR स…

DE DIETRICH PROCESS SYSTEMS INDIA P. LTD.,NAVI MUMBAI vs. DY CIT - 19(3)(1), MUMBAI

ITA 2021/MUM/2020[2014-15]Status: DisposedITAT Mumbai10 Oct 2022AY 2014-15

Bench: Shri Amit Shukla, Jm & Shri S. Rifaur Rahman, Am आयकरअपीलसं./ I.T.A. No. 2021 & 2022/Mum/2020 (निर्धारणवर्ा / Assessment Year: 2014-15 & 2015-16) Dcit-19(3)(1), Mumbai De Dietrich Process Systems Aayakar Bhavan, India Pvt. Ltd. बिधम/ Mumbai-400 020 R. No. 548/549, Road No. 16, Vs. Ttc Indl. Area, Midc Rabale, Navi Mumbai-400 701 स्थायीलेखासं./जीआइआरसं./ Pan No. Aaccd8576D (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : अपीलाथीकीओरसे/ Appellant By : Shri Sanjay R. Parikh, Ld. Ar प्रत्यथीकीओरसे/Respondent By : Shri Mahita Nair, Ld. Dr सुनवाईकीतारीख/ : 13.07.2022 Date Of Hearing घोषणाकीतारीख / : 10.10.2022 Date Of Pronouncement आदेश / O R D E R Per Amit Shukla: The Aforesaid Appeals Have Been Filed By The Assessee Against The Separate Impugned Order Of Even Date 24.12.2019, Passed By Ld. Cit(A)-16, Mumbai In Relation To The Penalty Proceedings U/S 271(1)(C) For Ay 2014-15 & 2015-16. 2

For Appellant: Shri Sanjay R. Parikh, Ld. ARFor Respondent: Shri Mahita Nair, Ld. DR

Section 143(3)Section 271(1)(c)Section 274Section 40Section 40aSection 43B

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI AMIT SHUKLA, JM & SHRI S. RIFAUR RAHMAN, AM आयकरअपीलसं./ I.T.A. No. 2021 & 2022/Mum/2020 (निर्धारणवर्ा / Assessment Year: 2014-15 & 2015-16) DCIT-19(3)(1), Mumbai De Dietrich Process Systems Aayakar Bhavan, India Pvt. Ltd. बिधम/ Mumbai-400 020 R. No. 548/549, Road No. 16, Vs. TTC Indl. Area, MIDC Rabale, Navi Mumbai-400 701 स्थायीलेखासं./जीआइआरसं./ PAN No. AACCD8576D (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : अपीलाथीकीओरसे/ Appellant by : Shri Sanjay R. Parikh, Ld. AR प्रत्यथीकीओरसे/Respondent by : Shri Mahita Nair, Ld. DR सुनवाईकीतारीख/ : 13.…

MRS CHHAYA HIMMAT JAGDA,MUMBAI vs. INCOME TAX OFFICER-32(1)(2), MUMBAI

ITA 968/MUM/2022[2014-15]Status: DisposedITAT Mumbai24 Aug 2022AY 2014-15

Bench: Shri Amit Shukla, Jm & Shri Prashant Maharishi, Am आयकरअपीलसं./ I.T.A. No. 968/Mum/2022 (ननधधारणवर्ा / Assessment Year: 2014-15) Ito Ward 32(1)(2) Mrs. Chhaya Himmat C-11, Pratyakshkar Jagda 602-Manas Moti Bhavan, Bandra Kurla बनाम/ Building No. 1 (6Th Floor), Complex, Bandra(East), Mumbai-400 051 Devidas Lane, Near Vs. Lawrence School, Borivali (West), Mumbai-400 092 स्थधयीलेखधसं./जीआइआरसं./ Pan No. Aaepj7836R (अपीलधथी/Appellant) (प्रत्यथी / Respondent) : अपीलधथीकीओरसे/ Appellant By : Shri M. Subramanian, Ld. Ar प्रत्यथीकीओरसे/Respondent By : Shri Praveen Shekhar, Ld. Dr सुनवधईकीतधरीख/ : 04.08.2022 Date Of Hearing घोर्णधकीतधरीख / : 24.08.2022 Date Of Pronouncement आदेश / O R D E R Per Amit Shukla: The Aforesaid Appeal Has Been Filed By The Assessee Against The Impugned Order Dated 21.04.2022, Passed By National Faceless

For Appellant: Shri M. SubramanianFor Respondent: Shri Praveen Shekhar

Section 10(38)Section 143(3)Section 271(1)(c)Section 274

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI AMIT SHUKLA, JM & SHRI PRASHANT MAHARISHI, AM आयकरअपीलसं./ I.T.A. No. 968/Mum/2022 (ननधधारणवर्ा / Assessment Year: 2014-15) ITO ward 32(1)(2) Mrs. Chhaya Himmat C-11, Pratyakshkar Jagda 602-Manas Moti Bhavan, Bandra Kurla बनाम/ Building No. 1 (6th floor), Complex, Bandra(east), Mumbai-400 051 Devidas Lane, Near Vs. Lawrence School, Borivali (west), Mumbai-400 092 स्थधयीलेखधसं./जीआइआरसं./ PAN No. AAEPJ7836R (अपीलधथी/Appellant) (प्रत्यथी / Respondent) : अपीलधथीकीओरसे/ Appellant by : Shri M. Subramanian, Ld. AR प्रत्यथीकीओरसे/Respondent by : Shri Pra…