M/S. WINDSOR GARDENS PRIVATE LIMITED,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 7(1)(2), BANGALORE

In the result, appeal of the assessee is allowed

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

14A of the Act r.w. Rule 8D of the IT Rules and initiated penalty u/s 270A of the Act for the misreporting of income as per sec. 270A(9)(a) of the Act. The assessee did not file appeal against the Page 4 of 10 assessment order and the AO initiated penalty proceedings u/s 270A of the Act and show

NARAYANA HRUDAYALAYA LIMITED ,BENGALURU vs. ACIT, CIRCLE-2(3)(1), BANGALORE

In the result, the appeal by the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Soundararajan K.Assessment Year : 2012-13

u/s 271(1)(c) of the Act on account of disallowance of provision for leave encashment of Rs.11,08,482/- which was claimed by the assessee by debiting the same to the Profit and Loss Account. It is an admitted fact that the assessee in the note at the end of the computation has stated that the provisions of section

M/S. BHARAT BEEDI WORKS PRIVATE LIMITED,MANGALURU vs. DEPUTY COMMISIONER OF INCOME TAX, CENTRAL CIRCLE - 2, MANGALURU

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

penalties\nrelated\nto\nincome\nconcealment under the\nIncome-Tax Act. It\nestablishes that a clear\nprecedent that intentional\nconcealment of income is\npunishable regardless of\nsubsequent disclosures or\nrevised returns. The court\nexhaustively analysed\nPrevious precedents to\nsolidify its stance on the\ninterpretation\nand\napplicability of sections\n139(5) and 271(1)(c) of the\nAct. The assessee himself\nadmitted

YOKOGAWA INDIA LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX LARGE TAXPAYERS UNIT , BANGALORE

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

Bench: Shri George George K. & Shri Laxmi Prasad Sahu

penalty proceedings under Section 274 read with Section .271(1)(c) of the Act, without appreciating the fact that the Appellant has not concealed or furnished any inaccurate particulars of income. Page 5 of 40 The Appellant submits that each of the above grounds is independent and without prejudice to one another. The Appellant craves leave to add, alter, amend

GOLDMAN SACHS SERVICES PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(1)(1), BANGALORE

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Shri Keshav Dubey

penalty proceedings under section 271(1 )(c) of the Act for the above adjustments. Each of the above grounds is independent and without prejudice to the other grounds of appeal preferred by the Appellant. IT(TP)A No.298/Bang/2024 Goldman Sachs Services Pvt. Ltd., Bangalore Page 10 of 14 The Appellant craves leave to add, alter, vary, omit, substitute or amend

BOSCH GLOBAL SOFTWARE TECHNOLOGIES PRIVATE LIMITED ,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1), BANGALORE

In the result, the appeal of the assessee is hereby partly allowed for statistical purposes

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Year: 2016-17

14A to Rs.2.00 lakhs.” 13. In the above observations for Assessment Year 2008-09, there no disallowance was made by assessee this Tribunal deem it appropriate to restrict the disallowance to Rs.2 Lakhs considering the less number of schemes that fall under growth / investment schemes. Going by the above principle and also observing the fact that the Ld.AO

PRACTO TECHNOLOGIES PRIVATE LIMITED,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 1(3), BENGALURU, BANGALORE

In the result the appeal of the assessee is allowed

Bench: SHRI WASEEM AHMED (Accountant Member), SHRI KESHAV DUBEY (Judicial Member)

penalty proceedings under section 274 r.w.s. 271(1)(c) of the Act. That the Appellant craves leave to add to and / or to alter, amend, rescind, modify the grounds herein below or produce further documents before or at the time of hearing of this Appeal. IT(TP)A No.311/Bang/2024 M/s. Practo Technologies Private Limited, Bangalore Page

INCOME TAX OFFICER, WARD-7(2)(1), BENGALURU, BANGALORE vs. M/S. BANGALORE CREDIT CO-OPERATIVE SOCIETY LIMITED , BANGALORE

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

penalty was to be levied on the tax assessed under section 143 or as demanded under section 156 being tax assessed minus the amount paid under the provisional assessment order. The hon'ble Supreme Court before resorting to the interpretation of term in addition to the amount of the tax, if any, payable by him as appearing in section 271

INCOME-TAX OFFICER, WARD-7(2)(1), BENGALURU, BENGALURU vs. M/S. BANGALORE CREDIT CO-OPERATIVE SOCIETY LIMITED, BENGALURU

In the result both the appeals of the Revenue as well as\nCos of the Assessee for the Asst

penalty was to be levied on the tax\nassessed under section 143 or as demanded under section 156 being tax assessed\nminus the amount paid under the provisional assessment order. The hon'ble\nSupreme Court before resorting to the interpretation of term in addition to the\namount of the tax, if any, payable by him as appearing in section 271

NVIDIA GRAPHICS PRIVATE LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(4), BANGALORE

In the result, appeal filed by the assessee s party allowed

Bench: Shri George George K & Ms. Padmavathi. Sr Assessment Year : 2014-15 M/S. Nvidia Graphics Pvt. Ltd., Vs. Acit, Mahadevpura Village, Central Circle – 2(4), K. R. Puram Hobli, Marathalli Bangalore. Bagmane Goldstone Building, North Tower, Mahadevpura S.O, Bangalore – 560 048. Pan : Aabcn 9200 H Appellant Respondent Assessee By : Shri. Nageshwar Rao, Advocate Revenue By : Ms. Neha Sahay, Jcit(Dr)(Itat), Bengaluru. Date Of Hearing : 17.10.2024 Date Of Pronouncement : 23.10.2024

penalty proceedings under section 271(1)(c) of the Act is not justified in law. 10.Appellant craves leave to add, amend, substitute, alter, modify or delete any of the above grounds of appeal at the time of hearing. 3. Brief facts of the case are as follows: Assessee is a company engaged in the business of development of graphics, media