ASSISTANT COMMISSIONER OF INCOME TAX (E) CIRCLE-1 , BANGALORE vs. M/S VISVESVARAYA TECHNOLOGICAL UNIVERSITY , BELAGAVI

In the result, the assessee’s cross objections for Assessment Years

Bench: Shri N. V. Vasudevanand Shri Jason P. Boaz

penalty was levied by the Assessing Officer. The CIT(A) failed to appreciate that the assessee had not even furnished a return of income for the Asst. Year in question, till the Department issued a notice u/s 148 of the I.T. Act, 1961. iii) The Ld. CIT(A) has erred in holding that the registration u/s 12A w.e.f. 01.04.1998 would

ASSISTANT COMMISSIONER OF INCOME TAX (E) CIRCLE-1 , BANGALORE vs. M/S VISVESVARAYA TECHNOLOGICAL UNIVERSITY , BELAGAVI

In the result, the assessee’s cross objections for Assessment Years

Bench: Shri N. V. Vasudevanand Shri Jason P. Boaz

penalty was levied by the Assessing Officer. The CIT(A) failed to appreciate that the assessee had not even furnished a return of income for the Asst. Year in question, till the Department issued a notice u/s 148 of the I.T. Act, 1961. iii) The Ld. CIT(A) has erred in holding that the registration u/s 12A w.e.f. 01.04.1998 would

ASSISTANT COMMISSIONER OF INCOME TAX (E) CIRCLE-1 , BANGALORE vs. M/S VISVESVARAYA TECHNOLOGICAL UNIVERSITY , BELAGAVI

In the result, the assessee’s cross objections for Assessment Years

Bench: Shri N. V. Vasudevanand Shri Jason P. Boaz

penalty was levied by the Assessing Officer. The CIT(A) failed to appreciate that the assessee had not even furnished a return of income for the Asst. Year in question, till the Department issued a notice u/s 148 of the I.T. Act, 1961. iii) The Ld. CIT(A) has erred in holding that the registration u/s 12A w.e.f. 01.04.1998 would

ASSISTANT COMMISSIONER OF INCOME TAX (E) CIRCLE-1 , BANGALORE vs. M/S VISVESVARAYA TECHNOLOGICAL UNIVERSITY , BELAGAVI

In the result, the assessee’s cross objections for Assessment Years

Bench: Shri N. V. Vasudevanand Shri Jason P. Boaz

penalty was levied by the Assessing Officer. The CIT(A) failed to appreciate that the assessee had not even furnished a return of income for the Asst. Year in question, till the Department issued a notice u/s 148 of the I.T. Act, 1961. iii) The Ld. CIT(A) has erred in holding that the registration u/s 12A w.e.f. 01.04.1998 would

ASSISTANT COMMISSIONER OF INCOME TAX (E) CIRCLE-1 , BANGALORE vs. M/S VISVESVARAYA TECHNOLOGICAL UNIVERSITY , BELGAVI

In the result, the assessee’s cross objections for Assessment Years

Bench: Shri N. V. Vasudevanand Shri Jason P. Boaz

penalty was levied by the Assessing Officer. The CIT(A) failed to appreciate that the assessee had not even furnished a return of income for the Asst. Year in question, till the Department issued a notice u/s 148 of the I.T. Act, 1961. iii) The Ld. CIT(A) has erred in holding that the registration u/s 12A w.e.f. 01.04.1998 would

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALORE vs. INCOME TAX OFFICER, WARD-1(1), MANGALORE

In the result, all these 9 appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 11 & 12 of the Act. Further penalty proceedings were also initiated u/s. 271(1)(c) of the Act for concealment of income. 4. During the penalty proceedings the assessee made submission. 5. The ld. AO noted that assessee is a society registered under the Karnataka Societies Registration Act, 1960, which is mainly engaged in undertaking civil contract work

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALORE vs. INCOME TAX OFFICER, WARD-1(1), MANGALORE

In the result, all these 9 appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 11 & 12 of the Act. Further penalty proceedings were also initiated u/s. 271(1)(c) of the Act for concealment of income. 4. During the penalty proceedings the assessee made submission. 5. The ld. AO noted that assessee is a society registered under the Karnataka Societies Registration Act, 1960, which is mainly engaged in undertaking civil contract work

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALORE vs. INCOME TAX OFFICER, WARD-1(1), MANGALORE

In the result, all these 9 appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 11 & 12 of the Act. Further penalty proceedings were also initiated u/s. 271(1)(c) of the Act for concealment of income. 4. During the penalty proceedings the assessee made submission. 5. The ld. AO noted that assessee is a society registered under the Karnataka Societies Registration Act, 1960, which is mainly engaged in undertaking civil contract work

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALORE vs. INCOME TAX OFFICER, WARD-1(1), MANGALORE

In the result, all these 9 appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 11 & 12 of the Act. Further penalty proceedings were also initiated u/s. 271(1)(c) of the Act for concealment of income. 4. During the penalty proceedings the assessee made submission. 5. The ld. AO noted that assessee is a society registered under the Karnataka Societies Registration Act, 1960, which is mainly engaged in undertaking civil contract work

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALORE vs. INCOME TAX OFFICER, WARD-1(1), MANGALORE

In the result, all these 9 appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 11 & 12 of the Act. Further penalty proceedings were also initiated u/s. 271(1)(c) of the Act for concealment of income. 4. During the penalty proceedings the assessee made submission. 5. The ld. AO noted that assessee is a society registered under the Karnataka Societies Registration Act, 1960, which is mainly engaged in undertaking civil contract work

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALORE vs. INCOME TAX OFFICER, WARD-1(1), MANGALORE

In the result, all these 9 appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 11 & 12 of the Act. Further penalty proceedings were also initiated u/s. 271(1)(c) of the Act for concealment of income. 4. During the penalty proceedings the assessee made submission. 5. The ld. AO noted that assessee is a society registered under the Karnataka Societies Registration Act, 1960, which is mainly engaged in undertaking civil contract work

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALORE vs. INCOME TAX OFFICER, WARD-1(1), MANGALORE

In the result, all these 9 appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 11 & 12 of the Act. Further penalty proceedings were also initiated u/s. 271(1)(c) of the Act for concealment of income. 4. During the penalty proceedings the assessee made submission. 5. The ld. AO noted that assessee is a society registered under the Karnataka Societies Registration Act, 1960, which is mainly engaged in undertaking civil contract work

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALORE vs. INCOME TAX OFFICER, WARD-1(1), MANGALORE

In the result, all these 9 appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 11 & 12 of the Act. Further penalty proceedings were also initiated u/s. 271(1)(c) of the Act for concealment of income. 4. During the penalty proceedings the assessee made submission. 5. The ld. AO noted that assessee is a society registered under the Karnataka Societies Registration Act, 1960, which is mainly engaged in undertaking civil contract work

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALORE vs. INCOME TAX OFFICER, WARD-1(1), MANGALORE

In the result, all these 9 appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 11 & 12 of the Act. Further penalty proceedings were also initiated u/s. 271(1)(c) of the Act for concealment of income. 4. During the penalty proceedings the assessee made submission. 5. The ld. AO noted that assessee is a society registered under the Karnataka Societies Registration Act, 1960, which is mainly engaged in undertaking civil contract work

SRI SRINIVASA EDUCATIONAL & CHARITABLE TRUST,BANGALORE vs. DCIT, CENTRAL CIRCLE-2(3), BANGALORE

penalty initiation. These instructions do not\nshow non-application of mind; rather, they are an additional layer of\nverification meant to ensure correctness and completeness of the\nassessment. The learned DR emphasised that such directions are routine\nand reflect due diligence and not mechanical approval.\n\n18.4 The learned DR also clarified that the issuance of approval letters\nand assessment

JICE ACADEMY FOR EXCELLENCE PRIVATE LIMITED,BANGALORE vs. INCOME TAX OFFICER, NFAC, DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariassessment Year: 2017-18

1 it was never an intention of the legislator to punish the party involved in genuine transactions, if there was reasonable cause u/s 73B the penalty u/s 271D of the Act cannot be levied. 2.19 In the Assessee Company case also, the Directors of the company have advanced loan to the company on various dates and have maintained a running

SRI SRINIVASA EDUCATIONAL & CHARITABLE TRUST,BANGALORE vs. DCIT, CENTRAL CIRCLE-2(3), BENGALURU

penalty initiation. These instructions do not\nshow non-application of mind; rather, they are an additional layer of\nverification meant to ensure correctness and completeness of the\nassessment. The learned DR emphasised that such directions are routine\nand reflect due diligence and not mechanical approval.\n18.4 The learned DR also clarified that the issuance of approval letters\nand assessment orders

M/S. S. RAMASHANDRA SETTY & SONS,HASSAN vs. INCOME TAX OFFICER, WARD-1 , HASSAN

In the result, appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri Keshav Dubey

Section 34 of the Act that entries in the books of ITA Nos.1156 & 1163 to 1166/Bang/2023 M/s. S. Ramachandra Setty & Sons, Hassan Page 52 of 104 account regularly kept in the course of business are relevant whenever they refer to a matter in which the Court has to enquire was subject to the salient proviso that such entries shall

INCOME TAX OFFICER, W-1, VIJAYANAGAR vs. RAMACHANDRA SETTY AND SONS, HASSAN

In the result, appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri Keshav Dubey

Section 34 of the Act that entries in the books of ITA Nos.1156 & 1163 to 1166/Bang/2023 M/s. S. Ramachandra Setty & Sons, Hassan Page 52 of 104 account regularly kept in the course of business are relevant whenever they refer to a matter in which the Court has to enquire was subject to the salient proviso that such entries shall