M/S KASHMIR STEEL ROLLING MILLS,JAMMU vs. ASSISTANT COMMISSIONER OF INCOME TAX, JAMMU

In the result, the assessee’s appeal is partly allowed

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 548/(Asr)/2016 Assessment Year: 2009-10

penalty regarding addition made by the Ld. A.O. on account of accrued bank interest of Rs.2,41,415/- and regarding disallowance

SHRIMATI HARWINDER KAUR,KAPURTHALA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR

In the result, the appeal bearing ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

penalty U/s 271(1)(c) of the Act related disallowance of expenses is beyond jurisdiction. The penalty amount of Rs.27

M/S SHIVA MINT INDUSTRIES,,JAMMU vs. THE DY COMMISSIONER OF INCOME TAX, JAMMU

In the result, the assessee’s appeals are allowed

Bench: Sh. Sanjay Arora & Sh. N.K.Choudhryita No.649 & 650(Asr)/2016 Assessment Year:2007-08 & 2009-10

penalty proceeding are all together different and merely because amount was disallowed does not ipso facto lead to levy of penalty

SHIVA MINT INDUSTRIES,,JAMMU vs. DY COMMISSIONER OF INCOME TAX, JAMMU

In the result, the assessee’s appeals are allowed

Bench: Sh. Sanjay Arora & Sh. N.K.Choudhryita No.649 & 650(Asr)/2016 Assessment Year:2007-08 & 2009-10

penalty proceeding are all together different and merely because amount was disallowed does not ipso facto lead to levy of penalty

SHRI YASH PAUL MALHOTRA,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, JALANDHAR

In the result the appeal of the assessee is allowed

Bench: Sh. Udayan Dasgupta & Sh. Brajesh Kumar Singh

disallowance for car expenses and depreciation. However, penalty u/s 271(1)(c) initiated in the assessment order itself for concealment

V R A COTTON MILLS.,ABOHAR vs. DY.COMMISSIONER OF INCOME TAX , BATHINDA

In the result, appeal filed by the assessee stands allowed

Bench: Sh. B.R. Baskaran & Sh. N.K.Choudhry

penalty proceedings are altogether different and merely because amount was disallowed does not ipso facto, lead to levy of penalty

SH. PUNEET SEHDEV PROP,JAMMU vs. THE INCOME-TAX OFFICER, JAMMU

Bench: Shri L. P. Sahu & Shri Ravish Sood

penalty imposed by the A.O as regards disallowance of assessee’s claim for deduction u/s 80IB of the Act. As the disallowance

PUNEET SAHDEV,JAMMU vs. THE INCOME TAX OFFICER, JAMMU

Bench: Shri L. P. Sahu & Shri Ravish Sood

penalty imposed by the A.O as regards disallowance of assessee’s claim for deduction u/s 80IB of the Act. As the disallowance

SH. PUNEET SEHDEV PROP;,JAMMU vs. THE INCOME-TAX OFFICER,, JAMMU

Bench: Shri L. P. Sahu & Shri Ravish Sood

penalty imposed by the A.O as regards disallowance of assessee’s claim for deduction u/s 80IB of the Act. As the disallowance

INCOME TAX OFFICER, JAMMU vs. SH. PUNEET SEHDEV, PROP., JAMMU

Bench: Shri L. P. Sahu & Shri Ravish Sood

penalty imposed by the A.O as regards disallowance of assessee’s claim for deduction u/s 80IB of the Act. As the disallowance

M/S. KING ENTERTAINMENT PRIVATE LIMITED,NAWANSHAHR vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - II, JALANDHAR

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

Bench: Sh. N. K. Choudhry & Sh. O. P. Meenai.T.A. No. 523/Asr/2017 Assessment Year: 2005-06

penalty on disallowance of expenses like preliminary expenses w/off which are allowable u/s 35D. The other expenses Rent, Bank Charges

THE HOSHIARPUR CENTRAL COOP BANK LIMITED,HOSHIARPUR vs. DEPUTY COMMISSIONER OF INCOME TAX. CIRCLE, HOSHIARPUR

Bench: Sh. Ravish Sood & Dr. M. L. Meena

Disallowance of premium paid for Rs.45,92,000/- 2. leave encashment Total 1,48,92,000/- 3. After receipt of the order passed by the ld CIT(A) in the quantum appeal, the AO vide his order passed u/s 271(1)(c) dated 23/03/2016 imposed a penalty

M/S. SURYA AUTOMOBILES PRIVATE LIMITED,ABOHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-II, BATHINDA

In the result, appeal is allowed for statistical purposes

Bench: Shri Udayan Das Gupta & Shri Krinwant Sahayaftfrcf ^T./Ita No. 348/Asr/2023 / Assessment Year : 2014-15 Surya Automobiles Pvt The Dcit, <Shh Circle Ii, Ltd., Near Dav Campus, Bhatinda Hanumangarh Road, Abohar ^|41<^H./Pan No: Aafcs271 In Ul^^Ff/Respondent Appellant

penalty u/s 271 (l)(c) of the Act even if the disallowance has been confirmed in the quantum proceedings and no appeal

SHRI BHARAT PAL SOOD,PHAGWARA vs. INCOME TAX OFFICER, WARD-1, PHAGWARA

The appeal of the assessee is allowed in terms of our aforesaid

Bench: Shri N.K. Saini & Shri Ravish Sood

disallowances were made by Assessing Officer, therefore, the latter had rightly initiated penalty proceedings for both the defaults viz “concealment

M/S EMM KAY INDUSTRIES LIMITED,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-II, JALANDHAR

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Sh. Sanjay Arora & Sh. N.K.Choudhryita No.672(Asr)/2017 Assessment Year:2006-07

disallowance of Rs.1,78,356/- made by the Assessing Officer in respect of damages paid to ESI department by treating it as penalty

M/S. K.C.LAND & FINANCE (REGD.),NAWANSHAHR vs. THE DEPUTY COMMISSIONER OF INCOME-TAX, , JALANDHAR

In the result, the appeal filed by the assessee is allowed

Bench: Sh. Sanjay Arora & Sh. N.K.Choudhryita No.525(Asr)/2017 Assessment Year:2006-07

penalty of Rs.17,000/- without appreciating the facts that the addition of Rs.49,271/- as 40% disallowances of expenses are purely

SH. RUCHI SHARMA,JAMMU vs. THE INCOME TAX OFFICER, JAMMU

In the result, the assessee’s appeal is allowed for statistical purposes

Bench: Sh. Sanjay Arorai.T.A. No. 135/Asr/2017 Assessment Year: 2010-11

disallowed as being not deductible u/s. 36(1)(iii) of the Act vide assessment u/s. 143(3) dated 15.12.2009. The same stood confirmed in appeal vide order us/. 250(6) dated 12.8.2013. The assessee did not carry the matter further. Penalty

SH. AMRINDER SINGH DHIMAN,NAKODAR vs. ADDITIONAL COMMISSIONER OF INCOME TAX, RANGE PHAGWARA, PHAGWARA

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

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowed u/s 40(aj(ia) and added back to total income of the assessee. Penalty proceedings u/s 271(l)(c) for furnishing