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121 results for “TDS”+ Section 253(3)clear

Sorted by relevance

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Key Topics

Addition to Income64Section 206A54Section 143(3)47Disallowance37Section 201(1)34Deduction32Section 4027TDS26Section 13224Section 36(1)(iii)

M/S. TRISHUL BUILDTECH & INFRASTRUCTURES PVT. LTD.,,BENGALURU vs. THE DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, assessee’s appeals are partly allowed

ITA 107/BANG/2022[2016-17]Status: DisposedITAT Bangalore14 Nov 2022AY 2016-17

Bench: Shri Chandra Poojari & Shri George George K.

For Appellant: Shri A. Shankar, Senior AdvocateFor Respondent: Shri Manjunath Karkihalli, D.R
Section 250

253 (Bombay) CIT Vs. B.N.Keshav (ITA No.21/2003 dated: 3rd April, iv) 2008) CIT Vs. Kurban Ibrahimji Mithiborwala (1971) 82 ITR v) 821 (SC) The ld. AR submitted that once the notice is bad in law and d) all the proceedings consequent to the same are also not sustainable in law and the assessment framed under section 153A r.w.s 143(3

M/S. TRISHUL BUILDTECH & INFRASTRUCTURES PVT. LTD.,,BENGALURU vs. THE DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, assessee’s appeals are partly allowed

Showing 1–20 of 121 · Page 1 of 7

24
Section 36(1)(vii)23
Section 115J22
ITA 108/BANG/2022[2017-18]Status: DisposedITAT Bangalore14 Nov 2022AY 2017-18

Bench: Shri Chandra Poojari & Shri George George K.

For Appellant: Shri A. Shankar, Senior AdvocateFor Respondent: Shri Manjunath Karkihalli, D.R
Section 250

253 (Bombay) CIT Vs. B.N.Keshav (ITA No.21/2003 dated: 3rd April, iv) 2008) CIT Vs. Kurban Ibrahimji Mithiborwala (1971) 82 ITR v) 821 (SC) The ld. AR submitted that once the notice is bad in law and d) all the proceedings consequent to the same are also not sustainable in law and the assessment framed under section 153A r.w.s 143(3

M/S. TRISHUL BUILDTECH & INFRASTRUCTURES PVT. LTD.,,BENGALURU vs. THE DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, assessee’s appeals are partly allowed

ITA 109/BANG/2022[2018-19]Status: DisposedITAT Bangalore14 Nov 2022AY 2018-19

Bench: Shri Chandra Poojari & Shri George George K.

For Appellant: Shri A. Shankar, Senior AdvocateFor Respondent: Shri Manjunath Karkihalli, D.R
Section 250

253 (Bombay) CIT Vs. B.N.Keshav (ITA No.21/2003 dated: 3rd April, iv) 2008) CIT Vs. Kurban Ibrahimji Mithiborwala (1971) 82 ITR v) 821 (SC) The ld. AR submitted that once the notice is bad in law and d) all the proceedings consequent to the same are also not sustainable in law and the assessment framed under section 153A r.w.s 143(3

CISCO SYSTEMS SERVICES B.V,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX INTERNATIONAL TAXATION CIRCLE-1(1), BANGALORE

In the result, the appeal by the assessee is allowed

ITA 961/BANG/2017[2012-13]Status: DisposedITAT Bangalore19 Jan 2022AY 2012-13

Bench: Shri. Chandra Poojari & Smt. Beena Pillaiit(It)A No. 961/Bang/2017 Assessment Year : 2012-13 M/S. Cisco Systems Services B.V. – India The Deputy Branch, Commissioner Of Brigade South Parade, Income Tax, No. 10, International Taxation, Mahatma Gandhi Road, Circle – 1(1), Vs. Bangalore – 560 001. Bangalore. Pan: Aaccc4836D Appellant Respondent Assessee By : Shri Rajan Vora, Ca : Dr. Manjunath Karkaihalli, Revenue By Cit Dr Date Of Hearing : 19-01-2022 Date Of Pronouncement : 19-01-2022 Order Per Beena Pillaithis Appeal By Assessee Is Directed Against The Order Of The Ld.Ao Dated 27.02.2017 Passed U/S. 143(3) R.W.S. 144C(14) Of The Income- Tax Act, 1961 [The Act] On The Following Grounds: “Based On The Facts & Circumstances Of The Case & In Law, Cisco Systems Services B.V. - India Branch (Hereinafter Referred To As The 'Appellant.) Respectfully Craves Leave To Prefer An Appeal Against The Order Passed By The Deputy Commissioner Of Income-Tax (International Taxation) - Circle 1(1) ('Assessing Officer' Or 'Ao') Dated February 27, 2017 In Pursuance Of The Directions & The Revised Directions Issued By The Dispute Resolution Panel ('Drp'), Bangalore Dated December 29, 2016 & January 16. 2017 Respectively, Under Section 253 Of The Income-Tax Act, 1961 ('Act) On The Following Grounds:

For Appellant: Shri Rajan Vora, CA
Section 143(3)Section 253Section 92C

253 of the Income-tax Act, 1961 ('Act) on the following grounds: Page 2 of 17 IT(IT)A No. 961/Bang/2017 That on the facts and in the circumstances of the case and in law and based on the directions of the DRP: A. Grounds of appeal relating to corporate tax matters 1. The learned AO has erred

M/S KARNATAKA EMTA COAL MINES LIMITED ,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), BANGALORE

In the result, assessee’s appeals are partly allowed for statistical purposes

ITA 2135/BANG/2018[2010-11]Status: DisposedITAT Bangalore14 Nov 2022AY 2010-11

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Smt. Sheetal Borkar, A.RFor Respondent: Shri Gudimella V.P. Pavan Kumar &
Section 32(1)(ii)Section 35ESection 37

3. “The High Court has proceeded on the basis that the interest on arrears of sales tax is penal in nature and has rejected the contention of the assessee that it is compensatory in nature. In taking the said view the High Court has placed reliance on its Full Bench's decision in Saraya Sugar Mills

M/S KARNATAKA EMTA COAL MINES LIMITED ,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), BANGALORE

In the result, assessee’s appeals are partly allowed for statistical purposes

ITA 2137/BANG/2018[2012-13]Status: DisposedITAT Bangalore14 Nov 2022AY 2012-13

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Smt. Sheetal Borkar, A.RFor Respondent: Shri Gudimella V.P. Pavan Kumar &
Section 32(1)(ii)Section 35ESection 37

3. “The High Court has proceeded on the basis that the interest on arrears of sales tax is penal in nature and has rejected the contention of the assessee that it is compensatory in nature. In taking the said view the High Court has placed reliance on its Full Bench's decision in Saraya Sugar Mills

M/S KARNATAKA EMTA COAL MINES LIMITED ,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), BANGALORE

In the result, assessee’s appeals are partly allowed for statistical purposes

ITA 2139/BANG/2018[2014-15]Status: DisposedITAT Bangalore14 Nov 2022AY 2014-15

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Smt. Sheetal Borkar, A.RFor Respondent: Shri Gudimella V.P. Pavan Kumar &
Section 32(1)(ii)Section 35ESection 37

3. “The High Court has proceeded on the basis that the interest on arrears of sales tax is penal in nature and has rejected the contention of the assessee that it is compensatory in nature. In taking the said view the High Court has placed reliance on its Full Bench's decision in Saraya Sugar Mills

M/S KARNATAKA EMTA COAL MINES LIMITED ,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), BANGALORE

In the result, assessee’s appeals are partly allowed for statistical purposes

ITA 2136/BANG/2018[2011-12]Status: DisposedITAT Bangalore14 Nov 2022AY 2011-12

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Smt. Sheetal Borkar, A.RFor Respondent: Shri Gudimella V.P. Pavan Kumar &
Section 32(1)(ii)Section 35ESection 37

3. “The High Court has proceeded on the basis that the interest on arrears of sales tax is penal in nature and has rejected the contention of the assessee that it is compensatory in nature. In taking the said view the High Court has placed reliance on its Full Bench's decision in Saraya Sugar Mills

M/S KARNATAKA EMTA COAL MINES LIMITED ,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), BANGALORE

In the result, assessee’s appeals are partly allowed for statistical purposes

ITA 2138/BANG/2018[2013-14]Status: DisposedITAT Bangalore14 Nov 2022AY 2013-14

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Smt. Sheetal Borkar, A.RFor Respondent: Shri Gudimella V.P. Pavan Kumar &
Section 32(1)(ii)Section 35ESection 37

3. “The High Court has proceeded on the basis that the interest on arrears of sales tax is penal in nature and has rejected the contention of the assessee that it is compensatory in nature. In taking the said view the High Court has placed reliance on its Full Bench's decision in Saraya Sugar Mills

M/S MFAR DEVELOPERS PVT LTD ,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-4(1)(3) , BANGALORE

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

ITA 385/BANG/2023[2017-18]Status: DisposedITAT Bangalore06 Sept 2023AY 2017-18

Bench: Shri George George K. & Shri Laxmi Prasad Sahuassessment Year : 2017-18

For Appellant: S/Shri C.R. Krishna & Sachin Mehta, CAsFor Respondent: Shri Saravanan B., CIT(DR)(ITAT), Bengaluru
Section 14ASection 32Section 36(1)Section 36(1)(iii)Section 37(1)

TDS was not disallowed, accordingly the AO added it to the total income and it was accepted by the assessee. 4. Further, on verification of financial statements, the company has work-in-progress of Rs.96.69 crores. Investment in capital work-in- progress part of MMTP Phase IV during the year is Rs.17.53 crores. As per submission of the assessee, Phase

DCIT, BANGALORE vs. M/S U.L. INDIA PVT. LTD.,, BANGALORE

In the result, appeal of the Assessee is partly allowed

ITA 378/BANG/2015[2010-11]Status: DisposedITAT Bangalore24 Feb 2022AY 2010-11

Bench: Shri N.V. Vasudevan & Shri B. R. Baskaranit(Tp)A No.574/Bang/2015 Assessment Year : 2010-11 M/S. Ul India Pvt. Ltd., Vs. The Deputy Commissioner Of Income Tax, Kalyani Platina – Block I, 3Rd Floor, 24, Epip Circle -7(1)(1), Zone, Phase – 2Nd, Whitefield, Bengaluru. Bengaluru – 560 066. Pan : Aaacu 2468 F Appellant Respondent It(Tp)A No.378/Bang/2015 Assessment Year : 2010-11 The Deputy Commissioner Of Income Tax, Vs. M/S. Ul India Pvt. Ltd., Circle -7(1)(1), Bengaluru – 560 066. Bengaluru. Pan : Aaacu 2468 F Appellant Respondent C.O.No.127/Bang/2015 (In It(Tp)A No.378/Bang/2015) Assessment Year : 2010-11 The Deputy Commissioner Of Income Tax, Vs. M/S. Ul India Pvt. Ltd., Circle -7(1)(1), Bengaluru – 560 066. Bengaluru. Pan : Aaacu 2468 F Cross Objector Respondent It(Tp)A No.655/Bang/2016 Assessment Year : 2011-12 M/S. Ul India Pvt. Ltd., Vs. The Deputy Commissioner Of Income Tax, Bengaluru – 560 066. Circle -7(1)(1), Pan : Aaacu 2468 F Bengaluru. Appellant Respondent

For Appellant: Shri. K. R. Vasudevan, AdvocateFor Respondent: Shri. Sumer Singh Meena, CIT(DR)(ITAT), Bengaluru
Section 143(3)Section 144C(13)Section 92Section 92C

TDS credit in respect of the entire advances considering that some portion of the advances were forming part of unbilled revenue and hence offered to tax. C. Denial of set-off of loss and unabsorbed deoresiation brought forward from AY 2009-10 4. The learned AO has erred in denying set off of brought forward business loss and unabsorbed depreciation

UL INDIA PRIVATE LIMITED,BANGALORE vs. DCIT, BANGALORE

In the result, appeal of the Assessee is partly allowed

ITA 574/BANG/2015[2010-11]Status: DisposedITAT Bangalore24 Feb 2022AY 2010-11

Bench: Shri N.V. Vasudevan & Shri B. R. Baskaranit(Tp)A No.574/Bang/2015 Assessment Year : 2010-11 M/S. Ul India Pvt. Ltd., Vs. The Deputy Commissioner Of Income Tax, Kalyani Platina – Block I, 3Rd Floor, 24, Epip Circle -7(1)(1), Zone, Phase – 2Nd, Whitefield, Bengaluru. Bengaluru – 560 066. Pan : Aaacu 2468 F Appellant Respondent It(Tp)A No.378/Bang/2015 Assessment Year : 2010-11 The Deputy Commissioner Of Income Tax, Vs. M/S. Ul India Pvt. Ltd., Circle -7(1)(1), Bengaluru – 560 066. Bengaluru. Pan : Aaacu 2468 F Appellant Respondent C.O.No.127/Bang/2015 (In It(Tp)A No.378/Bang/2015) Assessment Year : 2010-11 The Deputy Commissioner Of Income Tax, Vs. M/S. Ul India Pvt. Ltd., Circle -7(1)(1), Bengaluru – 560 066. Bengaluru. Pan : Aaacu 2468 F Cross Objector Respondent It(Tp)A No.655/Bang/2016 Assessment Year : 2011-12 M/S. Ul India Pvt. Ltd., Vs. The Deputy Commissioner Of Income Tax, Bengaluru – 560 066. Circle -7(1)(1), Pan : Aaacu 2468 F Bengaluru. Appellant Respondent

For Appellant: Shri. K. R. Vasudevan, AdvocateFor Respondent: Shri. Sumer Singh Meena, CIT(DR)(ITAT), Bengaluru
Section 143(3)Section 144C(13)Section 92Section 92C

TDS credit in respect of the entire advances considering that some portion of the advances were forming part of unbilled revenue and hence offered to tax. C. Denial of set-off of loss and unabsorbed deoresiation brought forward from AY 2009-10 4. The learned AO has erred in denying set off of brought forward business loss and unabsorbed depreciation

M/S UL INDIA PVT. LTD.,,BANGALORE vs. DCIT, BANGALORE

In the result, appeal of the Assessee is partly allowed

ITA 655/BANG/2016[2011-12]Status: DisposedITAT Bangalore24 Feb 2022AY 2011-12

Bench: Shri N.V. Vasudevan & Shri B. R. Baskaranit(Tp)A No.574/Bang/2015 Assessment Year : 2010-11 M/S. Ul India Pvt. Ltd., Vs. The Deputy Commissioner Of Income Tax, Kalyani Platina – Block I, 3Rd Floor, 24, Epip Circle -7(1)(1), Zone, Phase – 2Nd, Whitefield, Bengaluru. Bengaluru – 560 066. Pan : Aaacu 2468 F Appellant Respondent It(Tp)A No.378/Bang/2015 Assessment Year : 2010-11 The Deputy Commissioner Of Income Tax, Vs. M/S. Ul India Pvt. Ltd., Circle -7(1)(1), Bengaluru – 560 066. Bengaluru. Pan : Aaacu 2468 F Appellant Respondent C.O.No.127/Bang/2015 (In It(Tp)A No.378/Bang/2015) Assessment Year : 2010-11 The Deputy Commissioner Of Income Tax, Vs. M/S. Ul India Pvt. Ltd., Circle -7(1)(1), Bengaluru – 560 066. Bengaluru. Pan : Aaacu 2468 F Cross Objector Respondent It(Tp)A No.655/Bang/2016 Assessment Year : 2011-12 M/S. Ul India Pvt. Ltd., Vs. The Deputy Commissioner Of Income Tax, Bengaluru – 560 066. Circle -7(1)(1), Pan : Aaacu 2468 F Bengaluru. Appellant Respondent

For Appellant: Shri. K. R. Vasudevan, AdvocateFor Respondent: Shri. Sumer Singh Meena, CIT(DR)(ITAT), Bengaluru
Section 143(3)Section 144C(13)Section 92Section 92C

TDS credit in respect of the entire advances considering that some portion of the advances were forming part of unbilled revenue and hence offered to tax. C. Denial of set-off of loss and unabsorbed deoresiation brought forward from AY 2009-10 4. The learned AO has erred in denying set off of brought forward business loss and unabsorbed depreciation

ASST.C.I.T., BANGALORE vs. M/S MPHASIS LIMITED, BANGALORE

In the result appeal filed by revenue stands dismissed and appeal filed by assessee stands allowed as indicated hereinabove

ITA 429/BANG/2015[2010-11]Status: DisposedITAT Bangalore14 Jun 2021AY 2010-11

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri Padamchand Khincha, C.AFor Respondent: Ms. Neera Malhotra, CIT(DR)
Section 10ASection 143(3)Section 144C

3 8,865. d. Without prejudice, not re-computing opening WDV to take into consideration disallowance of excess depreciation made in the preceding assessment year. e. Without prejudice, not granting deduction under section 1OA/1OB/1OAA on the excess depreciation disallowed. GROUND RELATING ADDITIONAL CLAIM 10. The lower income tax authorities have erred in: a. Dis-regarding the additional claim made

SHRI. MUDIYAPPA,GANGAVATHI vs. INCOME TAX OFFICER, WARD-1, KOPPAL

In the result, the appeals of the Revenue and assessee are allowed for statistical purpose

ITA 1506/BANG/2024[2018-19]Status: DisposedITAT Bangalore19 Dec 2024AY 2018-19

Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan K

For Appellant: Shri. Veeranna M. Murgod, CAFor Respondent: Shri. Subramanian, JCIT(DR)(ITAT), Bengaluru
Section 133(6)Section 148Section 194CSection 44A

253/- and TDS credit claimed was allowed. During the course of assessment proceedings, several notices were issued to the assessee but there was no response and finally the assessee complied to the show cause notice dated 20.02.2023. From the Bank statement submitted by the assessee, it was noticed by the AO that he has received payment of Rs.20

INCOME TAX OFFICER, WARD-1, KOPPAL vs. MUDIYAPPA, MALLIGEVADA

In the result, the appeals of the Revenue and assessee are allowed for statistical purpose

ITA 1460/BANG/2024[2018-19]Status: DisposedITAT Bangalore19 Dec 2024AY 2018-19

Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan K

For Appellant: Shri. Veeranna M. Murgod, CAFor Respondent: Shri. Subramanian, JCIT(DR)(ITAT), Bengaluru
Section 133(6)Section 148Section 194CSection 44A

253/- and TDS credit claimed was allowed. During the course of assessment proceedings, several notices were issued to the assessee but there was no response and finally the assessee complied to the show cause notice dated 20.02.2023. From the Bank statement submitted by the assessee, it was noticed by the AO that he has received payment of Rs.20

DCIT, BANGALORE vs. M/S NTT DATA GLOBAL DELIVERY SERVICES PVT. LTD.,, BANGALORE

In the result appeal filed by assessee stands withdrawn as indicated hereinabove and appeal filed by revenue stands dismissed

ITA 653/BANG/2016[2011-12]Status: DisposedITAT Bangalore12 Oct 2020AY 2011-12

Bench: Shri. A.K. Garodia & Smt. Beena Pillaiit(Tp)A No.653/Bang/2016 Assessment Year : 2011 – 12

For Appellant: Shri Chavali Narayan, C.AFor Respondent: Shri Muzaffar Hussain, CIT (DR)
Section 143Section 143(3)Section 144CSection 144C(13)Section 253

253 of the Income-tax Act, 1961 ("the Act") against the order passed by the Deputy Commissioner of Income Tax, Circle 5(1)(1) Bangalore ["the learned AD"] under section 143(3) read with section 144C(13) of the Act pursuant to the directions issued by the Dispute Resolution Panel ("DRP"), Bangalore, on the following grounds: (I) General The order

M/S YASKAWA INDIA PVT LTD ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, the assessee’s appeal for Assessment Year 2012-13 is partly allowed for statistical purposes

ITA 2020/BANG/2017[2012-13]Status: DisposedITAT Bangalore19 Jul 2019AY 2012-13

Bench: Shri N. V. Vasudevanand Shri Jason P Boazit(Tp)A No.2020/Bang/2017 Assessment Years : 2012-13 M/S. Yaskawa India Pvt. Ltd., Vs. Assistant Commissioner Of No.17/A, 2Nd Main, Electronic Income-Tax, City, Phase – I, Hosur Road, Circle – 7(1)(2), Bengaluru – 560 100. Bengaluru. Pan : Aaacy 4408 P Appellant Respondent Assessee By : Shri. Narendra Jain, Advocate Revenue By : Shri. C. H. Sundar Rao, Cit-Dr Date Of Hearing : 09.07.2019 Date Of Pronouncement : 19.07.2019 O R D E R

For Appellant: Shri. Narendra Jain, AdvocateFor Respondent: Shri. C. H. Sundar Rao, CIT-DR
Section 143(3)Section 144(13)Section 144C(5)Section 92C

TDS of Rs. 9,37,869/-. IT(TP)A No.2020/Bang/2017 Page 5 of 7 4. Grounds 1 to 8 (Transfer Pricing Issues) and 9(b) – Corporate Tax 4.1 At the outset of the hearing, the learned AR for the assessee submitted that vide letter dated 21.03.2019, the assessee has sought withdrawal of appeal filed under section 253

PRIYADARSHINI EDUCATION SOCIETY ,DAVANGERE vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX TDS RANGE , HUBLI

In the result, the assessee’s appeals for Assessment Years 2011-12 to 2013-14 are allowed

ITA 2447/BANG/2018[2012-13]Status: DisposedITAT Bangalore14 Aug 2019AY 2012-13

Bench: Shri N. V. Vasudevan & Shri Jason P Boaz

For Appellant: Shri. Zain Ahmed Khan, CAFor Respondent: Shri. Vikas Suryavamshi, Addl.CIT
Section 133ASection 192Section 201(1)Section 271CSection 273BSection 275

TDS Range, Hubli, passed separate orders dated 26.07.2016 under section 271C of the Act levying penalty thereunder on the assessee for Assessment Years 2011-12 to 2013-14. On appeal, the CIT(A), Davangere, dismissed the assessee’s appeals vide order dated 12.06.2018; thereby upholding the levy of penalty by the AO on the assessee for the three Assessment Years

PRIYADARSHINI EDUCATION SOCIETY ,DAVANGERE vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX TDS RANGE , HUBBALI

In the result, the assessee’s appeals for Assessment Years 2011-12 to 2013-14 are allowed

ITA 2446/BANG/2018[2011-12]Status: DisposedITAT Bangalore14 Aug 2019AY 2011-12

Bench: Shri N. V. Vasudevan & Shri Jason P Boaz

For Appellant: Shri. Zain Ahmed Khan, CAFor Respondent: Shri. Vikas Suryavamshi, Addl.CIT
Section 133ASection 192Section 201(1)Section 271CSection 273BSection 275

TDS Range, Hubli, passed separate orders dated 26.07.2016 under section 271C of the Act levying penalty thereunder on the assessee for Assessment Years 2011-12 to 2013-14. On appeal, the CIT(A), Davangere, dismissed the assessee’s appeals vide order dated 12.06.2018; thereby upholding the levy of penalty by the AO on the assessee for the three Assessment Years