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4 results for “penalty u/s 271”+ Section 54Fclear

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Key Topics

Section 271(1)(c)7Section 143(3)4Section 2634Penalty4Section 271(1)2Section 1472Section 1682Section 2742Condonation of Delay

SMT. JANAK RANI DHINGRA,HARYANA vs. THE INCOME TAX OFFICER,, MOGA

In the result, the appeal of the assessee is allowed

ITA 294/ASR/2016[2006-07]Status: DisposedITAT Amritsar12 Feb 2019AY 2006-07

Bench: Sh. N. S. Saini & Sh. N. K. Choudhryi. T. A. No. 294/(Asr)/2016 Assessment Year: 2006-07

For Appellant: Sh. P.N. Arora, AdvocateFor Respondent: Sh. Bhawani Shankar, DR
Section 271Section 271(1)(c)Section 274Section 54Section 54F

54F of the Act are allowable to the Assessee only on construction or purchase of new residential house, therefore, he made additon of Rs. 4,40,000/- disallowing the deduction of Long Term Capital Gains from sale of residential house as declared by the Assessee. Thereafter, the AO levied penalty u/s 271

2
Capital Gains2

ESTATE OF SH. JAGIR SINGH BHULLAR,AMRITSAR. vs. THE INCOME TAX OFFICER, TARN TARAN

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

ITA 306/ASR/2014[2007-08]Status: DisposedITAT Amritsar30 Dec 2019AY 2007-08

Bench: Shri N.K. Choudhry, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita Nos.306/Asr/2014 & 591/Asr/2015 ("नधा"रणवष" / Assessment Year: 2007-08) Estate Of Sh. Jagir Singh Bhullar Vs. Income Tax Officer, Through S. Jasbir—Singh Ward-1(3), Bhullar, Tarn Taran, E-250 Ranjit Avenue, Amritsar, Punjab. Punjab.

For Appellant: Sh. Padam Bahl, CAFor Respondent: Sh. Charan Dass , DR
Section 143(3)Section 147Section 168Section 263Section 271(1)

Penalty order passed by the Assessing Officer under section 143(3)/147 and under section 271(1) (c ),respectively, of the Income Tax Act, 1961 (in short the ‘Act’). 2. Since these two appeals relate to the same assessee and same assessment year, therefore these have been clubbed and heard together and a consolidated order is being passed

THE INCOME TAX OFFICER, TARN TARAN vs. ESTATE OF LATE SH. JAGIR SINGH BHULLAR, TARN TARAN

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

ITA 591/ASR/2015[2007-08]Status: DisposedITAT Amritsar30 Dec 2019AY 2007-08

Bench: Shri N.K. Choudhry, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita Nos.306/Asr/2014 & 591/Asr/2015 ("नधा"रणवष" / Assessment Year: 2007-08) Estate Of Sh. Jagir Singh Bhullar Vs. Income Tax Officer, Through S. Jasbir—Singh Ward-1(3), Bhullar, Tarn Taran, E-250 Ranjit Avenue, Amritsar, Punjab. Punjab.

For Appellant: Sh. Padam Bahl, CAFor Respondent: Sh. Charan Dass , DR
Section 143(3)Section 147Section 168Section 263Section 271(1)

Penalty order passed by the Assessing Officer under section 143(3)/147 and under section 271(1) (c ),respectively, of the Income Tax Act, 1961 (in short the ‘Act’). 2. Since these two appeals relate to the same assessee and same assessment year, therefore these have been clubbed and heard together and a consolidated order is being passed

SH. RAGHUNATH SAHAI PURI(DECD),PATHANKOT vs. THE DEPTY COMMISSIONER OF INCOME TAX, PATHANKOT

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

ITA 633/ASR/2014[2007-08]Status: DisposedITAT Amritsar19 Dec 2019AY 2007-08

Bench: Sh. N. K. Choudhry & Sh. O. P. Meenai.T.A. No. 633/Asr/2014 Assessment Year: 2007-08

For Appellant: Sh. J. S. Bhasin (Adv.)For Respondent: Sh. Alok Kumar CIT-DR
Section 250(6)Section 271(1)(c)Section 45Section 48

u/s 271(1)(c) on account of the concealment of income by the appellant is upheld and the penalty amounting to Rs.39,73,825/- is confirmed. The grounds of appeal no.1 and 2 is dismissed.” 10. Thus, the fate of the quantum appeal in the matter before the Hon’ble High Court was not available before