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18 results for “penalty u/s 271”+ Section 80P(2)clear

Sorted by relevance

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Key Topics

Addition to Income18Section 271(1)(c)16Section 250(6)12Section 143(3)12Section 2748Penalty7Section 2716Section 80P(1)6Deduction

M/S ATHOULA CO-OP AGRICLUTURE MULTIPURPOSE SERVICE SOCIETY LTD,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4, JALANDHAR

In the result, both the appeal filed by the assessee are dismissed

ITA 133/ASR/2018[2015-16]Status: DisposedITAT Amritsar02 Mar 2022AY 2015-16

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

For Appellant: NoneFor Respondent: Sh. Satbir Singh, Sr. DR
Section 271Section 80P(1)Section 80P(2)(a)

Penalty Proceedings initiated by the Ld AO u/s 271(l)(c ) are requested to be dropped in light of the fact that impugned ineligibility of such interest u/s 80P(1) is resulting from difference of opinion only. 8. That the appellant reserve the right to advance any other argument at the time of hearing of the appeal. Beside this

MESRES ATHOULA CO-OP AGRICULTURE MULTIPURPOSE SERVICE SOCIETY LTD,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4, JALANDHAR

5
Section 80P4
Section 1484
Disallowance3

In the result, both the appeal filed by the assessee are dismissed

ITA 132/ASR/2018[2014-15]Status: DisposedITAT Amritsar02 Mar 2022AY 2014-15

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

For Appellant: NoneFor Respondent: Sh. Satbir Singh, Sr. DR
Section 271Section 80P(1)Section 80P(2)(a)

Penalty Proceedings initiated by the Ld AO u/s 271(l)(c ) are requested to be dropped in light of the fact that impugned ineligibility of such interest u/s 80P(1) is resulting from difference of opinion only. 8. That the appellant reserve the right to advance any other argument at the time of hearing of the appeal. Beside this

THE BANGA COOPERATIVE MARKETING SOCIETY LIMITED,BANGA vs. INCOME TAX OFFICER, NAWANSHAHAR

In the result, the appeals of the assessee are allowed

ITA 358/ASR/2018[2009-10]Status: DisposedITAT Amritsar16 Jan 2019AY 2009-10

Bench: Sh. N. K. Saini, Hon’Ble & Sh. Ravish Sood

For Appellant: Sh. Nirmal Mahajan, CAFor Respondent: Sh. Ankit Kumar Aggarwal, DR
Section 148Section 271Section 271(1)(c)Section 274Section 80P

2. That the learned Commissioner of Income Tax (A) fell into grave error by applying the decision of Hon’ble Bombay High Court in CIT vs. Smt. Kaushalya, 216 ITR 660 without confronting the appellant and without differentiating the decision of Hon’ble Apex Court in the case of CIT vs SSA’s Emerald Meadows. 3. That the learned Commissioner

THE BANGA COOPERATIVE MARKETING SOCIETY LIMITED,BANGA vs. INCOME TAX OFFICER, NAWANSHAHAR

In the result, the appeals of the assessee are allowed

ITA 362/ASR/2018[2011-12]Status: DisposedITAT Amritsar16 Jan 2019AY 2011-12

Bench: Sh. N. K. Saini, Hon’Ble & Sh. Ravish Sood

For Appellant: Sh. Nirmal Mahajan, CAFor Respondent: Sh. Ankit Kumar Aggarwal, DR
Section 148Section 271Section 271(1)(c)Section 274Section 80P

2. That the learned Commissioner of Income Tax (A) fell into grave error by applying the decision of Hon’ble Bombay High Court in CIT vs. Smt. Kaushalya, 216 ITR 660 without confronting the appellant and without differentiating the decision of Hon’ble Apex Court in the case of CIT vs SSA’s Emerald Meadows. 3. That the learned Commissioner

THE BANGA COOPERATIVE MARKETING SOCIETY LIMITED,BANGA vs. INCOME TAX OFICER,NAWANSHAHAR, NAWANSHAHAR

In the result, the appeals of the assessee are allowed

ITA 363/ASR/2018[2014-15]Status: DisposedITAT Amritsar16 Jan 2019AY 2014-15

Bench: Sh. N. K. Saini, Hon’Ble & Sh. Ravish Sood

For Appellant: Sh. Nirmal Mahajan, CAFor Respondent: Sh. Ankit Kumar Aggarwal, DR
Section 148Section 271Section 271(1)(c)Section 274Section 80P

2. That the learned Commissioner of Income Tax (A) fell into grave error by applying the decision of Hon’ble Bombay High Court in CIT vs. Smt. Kaushalya, 216 ITR 660 without confronting the appellant and without differentiating the decision of Hon’ble Apex Court in the case of CIT vs SSA’s Emerald Meadows. 3. That the learned Commissioner

THE BANGA COOPERATIVE MARKETING SOCIETY LIMITED,BANGA vs. INCOME TAX OFFICER , NAWANSHAHAR

In the result, the appeals of the assessee are allowed

ITA 359/ASR/2018[2010-11]Status: DisposedITAT Amritsar16 Jan 2019AY 2010-11

Bench: Sh. N. K. Saini, Hon’Ble & Sh. Ravish Sood

For Appellant: Sh. Nirmal Mahajan, CAFor Respondent: Sh. Ankit Kumar Aggarwal, DR
Section 148Section 271Section 271(1)(c)Section 274Section 80P

2. That the learned Commissioner of Income Tax (A) fell into grave error by applying the decision of Hon’ble Bombay High Court in CIT vs. Smt. Kaushalya, 216 ITR 660 without confronting the appellant and without differentiating the decision of Hon’ble Apex Court in the case of CIT vs SSA’s Emerald Meadows. 3. That the learned Commissioner

THE HOSHIARPUR CENTRAL COPREATIVE -BANK,HOSHIARPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE HOSHIARPUR, HOSHIARPUR

In the result, ground no. 1 of the assessee has not pressed, ground no-3 is

ITA 625/ASR/2019[2016-17]Status: DisposedITAT Amritsar25 Aug 2022AY 2016-17

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

Section 143(3)Section 250(6)Section 36Section 36(1)(vii)Section 40a

Penalty proceedings u/s 271(1)(c) of the Act are being initiated separately for furnishing inaccurate particulars of income. (Addition made Rs.64,29,240/-)” I.T.A. No. 625/Asr/2019 5 6.1. We have observed that there was two effective issues in this appeal. The first issue concern itself with allowability of deduction u/s 36(1)(viia) of the Act. Under the second

THE BAGHAPURANA & CO OPERATIVE MARKETING SOCIETY LTD,MOGA vs. INCOME TAX OFEIER-2, MOGA

In the result, ground nos

ITA 126/ASR/2018[2010-11]Status: DisposedITAT Amritsar04 Jul 2022AY 2010-11

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

Section 139(1)Section 143(3)Section 250(6)Section 28Section 40ASection 40A(7)Section 56Section 80P(2)

80P(2) claimed by the assessee treating its income under the head “Business and Profession”. The considering fact, the assessee added back the interest 2,73,342/- on account of income from other sources by invoking section 56 of Act. Interest which was added u/s. 56 was received from Scheduled bank, Axis Bank, Baghapurana and Punjab National Bank

MEASAGE GURDAS AGRO PRIVATE LIMITED,BATHINDA vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE- 1 , BATHINDA

In the result, all the appeals of the revenue are dismissed and all the appeals

ITA 517/ASR/2019[2016-17]Status: DisposedITAT Amritsar24 May 2023AY 2016-17

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

Section 143(3)Section 250(6)

penalty proceedings u/ s 271(l)(c) are initiated simultaneously for furnishing inaccurate particulars of the income.” I.T.A. Nos.506/Asr/2019 8 & Others 7. The ld. DR vehemently argued and mentioned that the transaction related to “high sea sale” is speculative transaction and the loss earned from this transaction would be treated as speculative loss u/s 43(5) of the Act. There

MEASAGE G. G. OILS AND FATS PRIVATE LIMITED,BATHINDA vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE- 1, BATHINDA

In the result, all the appeals of the revenue are dismissed and all the appeals

ITA 494/ASR/2019[2013-14]Status: DisposedITAT Amritsar24 May 2023AY 2013-14

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

Section 143(3)Section 250(6)

penalty proceedings u/ s 271(l)(c) are initiated simultaneously for furnishing inaccurate particulars of the income.” I.T.A. Nos.506/Asr/2019 8 & Others 7. The ld. DR vehemently argued and mentioned that the transaction related to “high sea sale” is speculative transaction and the loss earned from this transaction would be treated as speculative loss u/s 43(5) of the Act. There

SHRI GURDAS GARG,BATHINDA vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE- 1, BATHINDA

In the result, all the appeals of the revenue are dismissed and all the appeals

ITA 516/ASR/2019[2016-17]Status: DisposedITAT Amritsar24 May 2023AY 2016-17

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

Section 143(3)Section 250(6)

penalty proceedings u/ s 271(l)(c) are initiated simultaneously for furnishing inaccurate particulars of the income.” I.T.A. Nos.506/Asr/2019 8 & Others 7. The ld. DR vehemently argued and mentioned that the transaction related to “high sea sale” is speculative transaction and the loss earned from this transaction would be treated as speculative loss u/s 43(5) of the Act. There

MEASAGE G. G. CONTINENTAL TRADERS PRIVATE LIMITED,BATHINDA vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, BATHINDA

In the result, all the appeals of the revenue are dismissed and all the appeals

ITA 495/ASR/2019[2013-14]Status: DisposedITAT Amritsar24 May 2023AY 2013-14

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

Section 143(3)Section 250(6)

penalty proceedings u/ s 271(l)(c) are initiated simultaneously for furnishing inaccurate particulars of the income.” I.T.A. Nos.506/Asr/2019 8 & Others 7. The ld. DR vehemently argued and mentioned that the transaction related to “high sea sale” is speculative transaction and the loss earned from this transaction would be treated as speculative loss u/s 43(5) of the Act. There

SHRI GURDAS GARG,BATHINDA vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, BATHINDA

In the result, all the appeals of the revenue are dismissed and all the appeals

ITA 498/ASR/2019[2013-14]Status: DisposedITAT Amritsar24 May 2023AY 2013-14

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

Section 143(3)Section 250(6)

penalty proceedings u/ s 271(l)(c) are initiated simultaneously for furnishing inaccurate particulars of the income.” I.T.A. Nos.506/Asr/2019 8 & Others 7. The ld. DR vehemently argued and mentioned that the transaction related to “high sea sale” is speculative transaction and the loss earned from this transaction would be treated as speculative loss u/s 43(5) of the Act. There

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, BATHINDA vs. MEASAGE G.G.OILS AND FAITS PRIVATE LIMITED, BATHINDA

In the result, all the appeals of the revenue are dismissed and all the appeals

ITA 505/ASR/2019[2013-14]Status: DisposedITAT Amritsar24 May 2023AY 2013-14

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

Section 143(3)Section 250(6)

penalty proceedings u/ s 271(l)(c) are initiated simultaneously for furnishing inaccurate particulars of the income.” I.T.A. Nos.506/Asr/2019 8 & Others 7. The ld. DR vehemently argued and mentioned that the transaction related to “high sea sale” is speculative transaction and the loss earned from this transaction would be treated as speculative loss u/s 43(5) of the Act. There

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE- 1 , BATHINDA vs. MEASAGE G. G CONTINENTAL TRADERS PRIVATE LIMITED, BATHINDA

In the result, all the appeals of the revenue are dismissed and all the appeals

ITA 506/ASR/2019[2013-14]Status: DisposedITAT Amritsar24 May 2023AY 2013-14

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

Section 143(3)Section 250(6)

penalty proceedings u/ s 271(l)(c) are initiated simultaneously for furnishing inaccurate particulars of the income.” I.T.A. Nos.506/Asr/2019 8 & Others 7. The ld. DR vehemently argued and mentioned that the transaction related to “high sea sale” is speculative transaction and the loss earned from this transaction would be treated as speculative loss u/s 43(5) of the Act. There

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, BATHINDA vs. SHRI GURDAS GARG, BATHINDA

In the result, all the appeals of the revenue are dismissed and all the appeals

ITA 507/ASR/2019[2013-14]Status: DisposedITAT Amritsar24 May 2023AY 2013-14

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

Section 143(3)Section 250(6)

penalty proceedings u/ s 271(l)(c) are initiated simultaneously for furnishing inaccurate particulars of the income.” I.T.A. Nos.506/Asr/2019 8 & Others 7. The ld. DR vehemently argued and mentioned that the transaction related to “high sea sale” is speculative transaction and the loss earned from this transaction would be treated as speculative loss u/s 43(5) of the Act. There

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE- 1, BATHINDA vs. SHRI GURDAS GARG, BATHINDA

In the result, all the appeals of the revenue are dismissed and all the appeals

ITA 508/ASR/2019[2016-17]Status: DisposedITAT Amritsar24 May 2023AY 2016-17

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

Section 143(3)Section 250(6)

penalty proceedings u/ s 271(l)(c) are initiated simultaneously for furnishing inaccurate particulars of the income.” I.T.A. Nos.506/Asr/2019 8 & Others 7. The ld. DR vehemently argued and mentioned that the transaction related to “high sea sale” is speculative transaction and the loss earned from this transaction would be treated as speculative loss u/s 43(5) of the Act. There

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, BATHINDA vs. MEASAGE GURDAS AGRO PRIVATE LIMITED, BATHINDA

In the result, all the appeals of the revenue are dismissed and all the appeals

ITA 510/ASR/2019[2016-17]Status: DisposedITAT Amritsar24 May 2023AY 2016-17

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

Section 143(3)Section 250(6)

penalty proceedings u/ s 271(l)(c) are initiated simultaneously for furnishing inaccurate particulars of the income.” I.T.A. Nos.506/Asr/2019 8 & Others 7. The ld. DR vehemently argued and mentioned that the transaction related to “high sea sale” is speculative transaction and the loss earned from this transaction would be treated as speculative loss u/s 43(5) of the Act. There