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19 results for “penalty u/s 271”+ Section 94(7)clear

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Key Topics

Section 271(1)(c)21Section 143(3)17Addition to Income17Section 250(6)11Section 1478Section 1488Disallowance6Section 2504Section 271(1)(C)

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

In the result the appeal of the assessee is allowed

ITA 379/ASR/2024[2016-17]Status: DisposedITAT Amritsar13 Aug 2025AY 2016-17

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

Section 133ASection 143(3)Section 250Section 271Section 271(1)Section 271(1)(C)Section 271(1)(c)

Section 274 of the Income Tax Act, 1961. Hence, in the light of the above judgement, it is clear that that voluntary disclosure does not absolve the appellant from penalty u/s 271(1)(c) of the IT Act, 1961. Furthermore, with regards to the penalty imposed on disallowance of personal expenses on account of car expenses and depreciation

4
Section 142(1)4
Penalty3
Deduction2

SHRI PARDEEP KUMAR,AMRITSAR vs. INCOME TAX OFFICER WARD 3(3), AMRITSAR

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

ITA 734/ASR/2017[2004-05]Status: DisposedITAT Amritsar05 Feb 2020AY 2004-05

Bench: Shri L.P Sahu & Shri Ravish Sood

For Appellant: Shri Milkhi Ram on behalf of Sh. Padam Bahl C.AFor Respondent: Shri Charan Dass, D.R
Section 143(1)Section 143(2)Section 143(3)Section 271Section 271(1)(c)Section 274

Section 274 of the Income-tax Act, 1961 as no correct charge has been made against the assessee.” As the assessee by raising the additional grounds of appeal has sought adjudication of a legal issue based on the facts borne from the records, therefore, relying on the judgment of the Hon’ble Supreme Court in the case of National Thermal

THE BARAMULLA CENTRAL COPERATIVE BANK LTD,KASHMIR vs. THE DY. COMMISSIONER OF INCOME TAX, SRINAGAR

In the result, the appeal of the assessee stands allowed

ITA 359/ASR/2016[2007-08]Status: DisposedITAT Amritsar19 Dec 2019AY 2007-08

Bench: Sh. N. K. Choudhry & Sh. O. P. Meena

For Appellant: Sh. Padam Bahl (C.A.)For Respondent: Sh. Charan Dass (D.R.)
Section 143(3)Section 271(1)(c)Section 36

94,720/- by denying deductions on account of additional provision for bad and doubtful debts 2 The Baramulla Central Coop. Bank Ltd. v. Dy. CIT amounting to Rs.70,95,288/- and disallowance u/s 36(i)(iv) and 36(i)(va) of the Act. These additions were confirmed by the CIT as well as ITAT penalty proceedings u/s 271

SHRI BRIJINDERPAL SINGH BHULLAR,MOHALI vs. INCOME TAX OFFICER WARD- 1 (3), BATHINDA

Accordingly, the appeal filed by the assessee is allowed in terms of our aforesaid observations

ITA 671/ASR/2019[2008-09]Status: DisposedITAT Amritsar21 Feb 2022AY 2008-09

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

For Appellant: Sh. P. N. Arora, AdvFor Respondent: Sh. Trilochan Singh PS Khalsa, DR
Section 142(1)Section 147Section 148Section 271(1)(c)

271(1)(c) of the Act, dated 27.08.2014. We shall first take up the appeal filed by the 2 Brijinder Pal Singh Bhullar Vs. ITO, Ward 1(3), Bathinda ITA Nos. 671 & 672/Asr/2019 – A.Y 2008-09 assessee against the quantum assessment. The assessee has assailed the impugned order on the following grounds of appeal before us : “1. That

SHRI BARJINDERPAL SINGH BHULLAR,MOHALI vs. INCOME TAX OFFICER WARD- 1 (3), BATHINDA

Accordingly, the appeal filed by the assessee is allowed in terms of our aforesaid observations

ITA 672/ASR/2019[2008-09]Status: DisposedITAT Amritsar21 Feb 2022AY 2008-09

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

For Appellant: Sh. P. N. Arora, AdvFor Respondent: Sh. Trilochan Singh PS Khalsa, DR
Section 142(1)Section 147Section 148Section 271(1)(c)

271(1)(c) of the Act, dated 27.08.2014. We shall first take up the appeal filed by the 2 Brijinder Pal Singh Bhullar Vs. ITO, Ward 1(3), Bathinda ITA Nos. 671 & 672/Asr/2019 – A.Y 2008-09 assessee against the quantum assessment. The assessee has assailed the impugned order on the following grounds of appeal before us : “1. That

THE INCOME-TAX OFFICER,, JALANDHAR vs. SMT. BANEET KAUR BHASIN,, JALANDHAR

In the result, appeal of the assessment ITA No

ITA 263/ASR/2014[2009-10]Status: DisposedITAT Amritsar21 Aug 2023AY 2009-10

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No. 246/Asr/2014 & Ita No. 251/Asr/2018 Assessment Year:2009-10

Section 143(3)Section 250Section 40A(3)Section 69

271(1)(c) of the Act. 2. When the appeals are called for a hearing, none was present on behalf of the assessee. No adjournment petition was filed on behalf of the assessee. On perusal of record we find that the date was fixed several times but none was present to represent the appeal. Considering the issue, we proceed

SMT. BANEET KAUR BHASIN,,JALANDHAR vs. THE INCOME-TAX OFFICER, JALANDHAR

In the result, appeal of the assessment ITA No

ITA 246/ASR/2014[2009-10]Status: DisposedITAT Amritsar21 Aug 2023AY 2009-10

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No. 246/Asr/2014 & Ita No. 251/Asr/2018 Assessment Year:2009-10

Section 143(3)Section 250Section 40A(3)Section 69

271(1)(c) of the Act. 2. When the appeals are called for a hearing, none was present on behalf of the assessee. No adjournment petition was filed on behalf of the assessee. On perusal of record we find that the date was fixed several times but none was present to represent the appeal. Considering the issue, we proceed

SHRIMATI BANEET KAUR BHASIN,JALANDHAR vs. INCOME TAX OFFICER WARD-1(1), JALANDHAR

In the result, appeal of the assessment ITA No

ITA 251/ASR/2018[2009-10]Status: DisposedITAT Amritsar21 Aug 2023AY 2009-10

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No. 246/Asr/2014 & Ita No. 251/Asr/2018 Assessment Year:2009-10

Section 143(3)Section 250Section 40A(3)Section 69

271(1)(c) of the Act. 2. When the appeals are called for a hearing, none was present on behalf of the assessee. No adjournment petition was filed on behalf of the assessee. On perusal of record we find that the date was fixed several times but none was present to represent the appeal. Considering the issue, we proceed

JOINT COMMISSIONER OF INCOME TAX (OSD) CIRCLE-3, FEROZEPUR vs. MEASAGE OM SONS MARKETING PRIVATE LIMITED, FARIDKOT

In the result, the appeal of the revenue bearing ITA No

ITA 407/ASR/2019[2015-16]Status: DisposedITAT Amritsar07 Jul 2023AY 2015-16

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

Section 143(3)Section 250(6)Section 37(1)Section 56(2)(viib)

7,71,309. Thus, the assessee has received excess consideration of Rs.3,38,60,465/- (Rs.147.80-Rs.103.90 = Rs.43.90 X 771309 = Rs.3,38,60,465/-) over and above the fair market value of the shares. This amount of Rs.3,38,60,465/- is taxable as per the provisions of section 56(2)(viib) of the Income Tax Act, 1961. Accordingly, the amount

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)

94 taxmann.com 80 wherein, the finding of the Hon'ble Uttarakhand High Court that interest income earned from FDRs kept as security and as a business pre requisite had nothing to do with carrying on business, were upheld.” ITA No. 495/Asr/2019 appeal of Assessee for AY 2013-14 4. The assessee has taken the following grounds which are extracted

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)

94 taxmann.com 80 wherein, the finding of the Hon'ble Uttarakhand High Court that interest income earned from FDRs kept as security and as a business pre requisite had nothing to do with carrying on business, were upheld.” ITA No. 495/Asr/2019 appeal of Assessee for AY 2013-14 4. The assessee has taken the following grounds which are extracted

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)

94 taxmann.com 80 wherein, the finding of the Hon'ble Uttarakhand High Court that interest income earned from FDRs kept as security and as a business pre requisite had nothing to do with carrying on business, were upheld.” ITA No. 495/Asr/2019 appeal of Assessee for AY 2013-14 4. The assessee has taken the following grounds which are extracted

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)

94 taxmann.com 80 wherein, the finding of the Hon'ble Uttarakhand High Court that interest income earned from FDRs kept as security and as a business pre requisite had nothing to do with carrying on business, were upheld.” ITA No. 495/Asr/2019 appeal of Assessee for AY 2013-14 4. The assessee has taken the following grounds which are extracted

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)

94 taxmann.com 80 wherein, the finding of the Hon'ble Uttarakhand High Court that interest income earned from FDRs kept as security and as a business pre requisite had nothing to do with carrying on business, were upheld.” ITA No. 495/Asr/2019 appeal of Assessee for AY 2013-14 4. The assessee has taken the following grounds which are extracted

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)

94 taxmann.com 80 wherein, the finding of the Hon'ble Uttarakhand High Court that interest income earned from FDRs kept as security and as a business pre requisite had nothing to do with carrying on business, were upheld.” ITA No. 495/Asr/2019 appeal of Assessee for AY 2013-14 4. The assessee has taken the following grounds which are extracted

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)

94 taxmann.com 80 wherein, the finding of the Hon'ble Uttarakhand High Court that interest income earned from FDRs kept as security and as a business pre requisite had nothing to do with carrying on business, were upheld.” ITA No. 495/Asr/2019 appeal of Assessee for AY 2013-14 4. The assessee has taken the following grounds which are extracted

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)

94 taxmann.com 80 wherein, the finding of the Hon'ble Uttarakhand High Court that interest income earned from FDRs kept as security and as a business pre requisite had nothing to do with carrying on business, were upheld.” ITA No. 495/Asr/2019 appeal of Assessee for AY 2013-14 4. The assessee has taken the following grounds which are extracted

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)

94 taxmann.com 80 wherein, the finding of the Hon'ble Uttarakhand High Court that interest income earned from FDRs kept as security and as a business pre requisite had nothing to do with carrying on business, were upheld.” ITA No. 495/Asr/2019 appeal of Assessee for AY 2013-14 4. The assessee has taken the following grounds which are extracted

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)

94 taxmann.com 80 wherein, the finding of the Hon'ble Uttarakhand High Court that interest income earned from FDRs kept as security and as a business pre requisite had nothing to do with carrying on business, were upheld.” ITA No. 495/Asr/2019 appeal of Assessee for AY 2013-14 4. The assessee has taken the following grounds which are extracted