Search: penalty u/s 271

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Section 14819 Addition to Income8 Section 69A5 Cash Deposit5 Section 143(3)4 Reopening of Assessment4 Section 683 Section 1473 Section 271(1)(c)

SH. MANINDER SINGH PROP. M/S DASHMESH BRICKS,BATHINDA vs. THE INCOME-TAX OFFICER, BATHINDA

In the result, the assessee’s appeal is dismissed

ITA 440/ASR/2017[2011-12]Status: DisposedITAT Amritsar28 Dec 2018AY 2011-12

Bench: Sh. Sanjay Arorai.T.A No.440/Asr/2017 Assessment Year:2011-12

For Appellant: Written SubmissionsFor Respondent: Sh. Charan Dass (D.R)

Section 268ASection 271(1)(c)Section 69A

money u/s. 69A. In appeal, the first appellate authority, while confirming the AO’s action, i.e., treating Rs.25.10 lacs, out of the total cash deposits of Rs. 47.60 lacs in his bank account by the assessee, as unexplained, allowed the assessee telescoping benefit, reducing the said income to Rs.12.66 lacs, on which the AO, accordingly, levied penalty u/s. 271

SH. MANINDER SINGH PROP. M/S DASHMESH BRICKS,BATHINDA vs. THE INCOME-TAX OFFICER, BATHINDA

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

SH. MANINDER SINGH PROP. M/S DASHMESH BRICKS,BATHINDA vs. THE INCOME-TAX OFFICER, BATHINDA

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

SHRI HARBANS SINGH MANN,MANSA vs. INCOME TAX OFFICER WARD-1 (4), MANSA

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

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

DCIT, CIRCLE-1, BATHINDA vs. DMR BUILDERS PVT LTD, BATHINDA

DCIT, CIRCLE-1, BATHINDA vs. DMR BUILDERS PVT LTD, BATHINDA

SHRI TARSEM SINGH ,HOSHIARPUR vs. INCOME TAX OFFICER WARD -4, HOSHIARPUR