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3 results for “penalty u/s 271”+ Section 131clear

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Key Topics

Section 683Section 1483Section 69A3Addition to Income3Section 1442Section 1472Section 562Section 142Cash Deposit2

MILLENNIUM REAL ESTATE DEVELOPERS PVT. LTD,JALANDHAR vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

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

ITA 653/ASR/2016[2012-13]Status: DisposedITAT Amritsar13 Sept 2023AY 2012-13

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

For Appellant: None (Written submission)For Respondent: Sh. Hitendra Bhauraoji Ninawe, CIT DR
Section 132(1)Section 132(4)Section 14Section 14ASection 56Section 69Section 69ASection 71

penalty proceedings u/s 271AAA of the Act vis a vis the issue of substantiating the manner in which undisclosed 8 Millennium Real Estate Developers P. Ltd. v. Asstt. CIT income was derived have held in favour of the assessee company for the same asstt. year 2012-13, vide his orders dated 17.04.2018. the relevant Para (ii) at Page

SHRI RAVINDER SACHDEVA,AMRITSAR vs. INCOME TAX OFFICER WARD -5 (4), AMRITSAR

In the result, the appeal of the assesse is allowed for statistical

ITA 263/ASR/2022[2012-13]Status: DisposedITAT Amritsar20 Jun 2023AY 2012-13

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

For Appellant: Shri. P.N. Arora, AdvocateFor Respondent: Shri Pardeep Kumar, Sr. DR
Section 142(1)Section 144Section 147Section 148Section 234ASection 68

Penalty proceedings under section 271(1 )(b) and 271(1 )(c) of the Income Tax Act, 1961 for concealment of income are being initiated separately.” 7. The assesse being aggrieved with the Assessment Order, went in appeal before the Ld. CIT(A) who has confirm the addition by observing as under: I.T.A. No. 263/Asr/2022 Assessment Year

KAMAL RAHIL,JALANDHAR vs. THE INCOME TAX OFFICER, JALANDHAR

In the result, the appeal of the assessee is allowed

ITA 168/ASR/2017[2009-10]Status: DisposedITAT Amritsar28 Feb 2022AY 2009-10

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

For Appellant: NoneFor Respondent: Sh. Trilochan Singh PS Khalsa, Sr DR
Section 131

131 of the Income tax Act, 1961. In response thereto in certain cases parents of the students appeared and stated that their children had gone to Australia for further studies. As regard spurce of fund and the services utilized the reply of the parents mainly was that the money was managed by their children and as regards the services utilized