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3 results for “penalty u/s 271”+ Section 260Aclear

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Key Topics

Section 1487Section 1474Section 271(1)(c)4Section 683Section 1443Addition to Income3Section 2712Reopening of Assessment2

INDIAN TOOL TECHNOLOGY CENTRE,JALANDHAR vs. ITO, WARD 1(1) , JALANDHAR

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

ITA 262/ASR/2024[2014-15]Status: DisposedITAT Amritsar18 Nov 2025AY 2014-15

Bench: Sh. Udayan Dasgupta & Sh. Khettra Mohan Roy

For Appellant: Sh. Ashray Sarna, C.A
Section 250Section 271Section 271(1)(c)Section 274Section 56

penalty u/s 271(1)(c) of the Act, ignoring the facts of case and without observing the principles of natural justice.” 5. Brief facts emerging from records are that the assessee company was incorporated on 28th June, 2010 under the Companies Act 1956, with the main object to establish a common facility center (CPC ) for use of hand tool manufacturers

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

SH. MANGAT TREHAN ,HOSHIARPUR vs. ASSISTANT COMMISSIONER OF INCOME -TAX, HOSHIARPUR

In the result, the appeal of the assessee bearing ITA 223/Asr/2019 is 10

ITA 223/ASR/2019[2007-08]Status: DisposedITAT Amritsar15 Sept 2022AY 2007-08

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

Section 143(1)Section 144Section 147Section 148Section 250(6)

section 147 of the Income Tax Act, 1961 was completed on 24.12.2009 at total income of Rs.67,71,213/- as against the returned income of Rs. 14,23,000/-, thereby making total addition of Rs.53,48,213/- in assessee's case under different heads. Penalty proceedings u/s 271(1 )(c) of the Income Tax Act, 1961 were also initiated