VIJAYBHAI DASHRATHBHAI PATEL,,AHMEDABAD vs. THE ACIT, CIRCLE-7(1),, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Us: -

penalty of Rs. 10,72,242/- u/s. 271(1)(c) of the Act without appreciating the fact that the assessee was under a bonafide I.T.A No. 2622/Ahd/2017 A.Y. 2008-09 Page No. 6 Vijaybhai Dashrathbhai Patel vs. ACIT belief that since his income has been subjected to TDS

AXIS BANK LIMITED,AHMEDABAD vs. THE ACIT, CIRCLE-1(1)(1), AHMEDABAD

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

Bench: Ms. Suchitra Raghunath Kamble & Shri Narendra Prasad Sinha

penalty u/s 271(1)(c) of the Act. Our findings and decision: 12. We have carefully considered the rival submissions. The basic facts of the case are not under dispute. The assessee had claimed additional deduction of Rs.93.04 crores on account of change in the method of claiming the lease rental expense on SLM basis. It is found that this

AXIS BANK LIMITED,AHMEDABAD vs. THE ACIT, CIRCLE-1(1)(1), AHMEDABAD

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

Bench: Ms. Suchitra Raghunath Kamble & Shri Narendra Prasad Sinha

penalty u/s 271(1)(c) of the Act. Our findings and decision: 12. We have carefully considered the rival submissions. The basic facts of the case are not under dispute. The assessee had claimed additional deduction of Rs.93.04 crores on account of change in the method of claiming the lease rental expense on SLM basis. It is found that this

AXIS BANK LIMITED,AHMEDABAD vs. THE ACIT, CIRCLE-1(1)(1), AHMEDABAD

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

Bench: Ms. Suchitra Raghunath Kamble & Shri Narendra Prasad Sinha

penalty u/s 271(1)(c) of the Act. Our findings and decision: 12. We have carefully considered the rival submissions. The basic facts of the case are not under dispute. The assessee had claimed additional deduction of Rs.93.04 crores on account of change in the method of claiming the lease rental expense on SLM basis. It is found that this

AXIS BANK LIMITED,AHMEDABAD vs. THE ACIT, CIRCLE-1(1)(1), AHMEDABAD

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

Bench: Ms. Suchitra Raghunath Kamble & Shri Narendra Prasad Sinha

penalty u/s 271(1)(c) of the Act. Our findings and decision: 12. We have carefully considered the rival submissions. The basic facts of the case are not under dispute. The assessee had claimed additional deduction of Rs.93.04 crores on account of change in the method of claiming the lease rental expense on SLM basis. It is found that this

AXIS BANK LIMITED,AHMEDABAD vs. THE ACIT, CIRCLE-1(1)(1), AHMEDABAD

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

Bench: Ms. Suchitra Raghunath Kamble & Shri Narendra Prasad Sinha

penalty u/s 271(1)(c) of the Act. Our findings and decision: 12. We have carefully considered the rival submissions. The basic facts of the case are not under dispute. The assessee had claimed additional deduction of Rs.93.04 crores on account of change in the method of claiming the lease rental expense on SLM basis. It is found that this

I- SERVE SYSTEM PVT. LTD.,,GANDHINAGAR vs. DY. COMMISSIONER OF INCOME TAX, GANDHINAGAR CIRCLE,, GANDHINAGAR

In the result, the appeal of the assessee is allowed

Bench: Shri P. M. Jagtap & Ms. Suchitra Kamble

TDS compliance etc.. The Assessing Officer also initiated penalty proceedings under Section 271(1)(c) of the Act; and, since there was no satisfactory compliance on the part of the assessee to the notices issued by him during the course of said proceedings, the Assessing Officer proceeded to impose the penalty of Rs.55,00,000/- under Section 271

TRANSWIND COMMUNICATION ELECTRONICS PVT. LTD.,,AHMEDABAD vs. THE DY.CIT, (OSD), CIRCLE-8,, AHMEDABAD

In the result, assessee’s appeal is dismissed

Bench: Shri Amarjit Singh & Ms. Madhumita Roy

u/s. 271(l)(c) of the, I. T. Act. 4. In light of the above legal position and after considering the submissions of the assessee (noted above), the issue on which penalty is being levied is discussed hereunder: ………. …….4.2 Income omitted to be included During the course of assessment proceedings the assessee was asked to reconcile the claim of TDS

M/S. ACCURA ENTERPRISE PRIVATE LIMITED,,AHMEDABAD vs. THE DY. CIT., CIRCLE-1(1)(1), AHMEDABAD

In the result, the appeal of the assessee is allowed

TDS return and has shown an incorrect figure of brokerage, the assessee cannot be held liable for the same. Accordingly, in the instant facts, no penalty u/s 271

THE ITO, WARD-9(4),, AHMEDABAD vs. SHRI ATUL S. MEHTA,, AHMEDABAD

In the result, the appeal of the revenue is dismissed

penalty proceedings u/s. 271(1)(c) of the act for concealment of particulars of income was initiated. On further verification of profit and loss account, the assessing officer noticed that assessee has paid freight payment of 2,50,86,492/- to truck owners. Out of the total payment, the assessee has deducted TDS

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE ACIT.,(OSD) RANGE-1,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

u/s. 271(1)(c) of the Act in respect of addition/disallowance of Rs. 38,70,749/- (although AO has levied penalty on addition of Rs. 23,84,449/-, the Ld. CIT(A) has rectified the amount at Rs. 38,70,749/-) made by the A.O. on account of income reflected in TDS

THE DCIT(OSD) RANGE-1,, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

u/s. 271(1)(c) of the Act in respect of addition/disallowance of Rs. 38,70,749/- (although AO has levied penalty on addition of Rs. 23,84,449/-, the Ld. CIT(A) has rectified the amount at Rs. 38,70,749/-) made by the A.O. on account of income reflected in TDS

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. THE ACIT.,(OSD)RANGE-1,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

u/s. 271(1)(c) of the Act in respect of addition/disallowance of Rs. 38,70,749/- (although AO has levied penalty on addition of Rs. 23,84,449/-, the Ld. CIT(A) has rectified the amount at Rs. 38,70,749/-) made by the A.O. on account of income reflected in TDS

THE DCIT(OSD) RANGE-1,, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

u/s. 271(1)(c) of the Act in respect of addition/disallowance of Rs. 38,70,749/- (although AO has levied penalty on addition of Rs. 23,84,449/-, the Ld. CIT(A) has rectified the amount at Rs. 38,70,749/-) made by the A.O. on account of income reflected in TDS

THE DCIT(OSD)RANGE-1,, AHMEDABAD vs. CORRTECH INTERNATIONAL PVT.LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

u/s. 271(1)(c) of the Act in respect of addition/disallowance of Rs. 38,70,749/- (although AO has levied penalty on addition of Rs. 23,84,449/-, the Ld. CIT(A) has rectified the amount at Rs. 38,70,749/-) made by the A.O. on account of income reflected in TDS

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, AHMEDABAD vs. M/S. CORRTECH INTERNATIONAL PVT. LTD.,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

u/s. 271(1)(c) of the Act in respect of addition/disallowance of Rs. 38,70,749/- (although AO has levied penalty on addition of Rs. 23,84,449/-, the Ld. CIT(A) has rectified the amount at Rs. 38,70,749/-) made by the A.O. on account of income reflected in TDS

CORRTECH INTERNATIONAL PVT.LTD.,,AHMEDABAD vs. DY. COMMISSIONER OF INCOME TAX,(OSD),, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

u/s. 271(1)(c) of the Act in respect of addition/disallowance of Rs. 38,70,749/- (although AO has levied penalty on addition of Rs. 23,84,449/-, the Ld. CIT(A) has rectified the amount at Rs. 38,70,749/-) made by the A.O. on account of income reflected in TDS

CORRTECH INTERNATIONAL PVT. LTD.,AHMEDABAD vs. THE ADDL. CIT, TDS RANGE,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

u/s. 271(1)(c) of the Act in respect of addition/disallowance of Rs. 38,70,749/- (although AO has levied penalty on addition of Rs. 23,84,449/-, the Ld. CIT(A) has rectified the amount at Rs. 38,70,749/-) made by the A.O. on account of income reflected in TDS

CORRTECH INTERNATIONAL PVT. LTD.,AHMEDABAD vs. THE ADDL. CIT, TDS RANGE,, AHMEDABAD

Bench: Ms. Suchitra Kamble& Shri Waseem Ahmed

u/s. 271(1)(c) of the Act in respect of addition/disallowance of Rs. 38,70,749/- (although AO has levied penalty on addition of Rs. 23,84,449/-, the Ld. CIT(A) has rectified the amount at Rs. 38,70,749/-) made by the A.O. on account of income reflected in TDS