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9 results for “section 68”+ Section 271Dclear

Sorted by relevance

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Key Topics

Section 271D37Section 269S15Section 54F11Penalty8Addition to Income6Section 271E5Section 143(3)4Section 2694Section 2504Section 271D(2)

AKASH EDUCATION & DEVELOPMENT TRUST,BENGALURU vs. ADDITIONAL COMMISSIONER OF INCOME TAX, CENTRAL RANGE-2, BANGALORE

In the result, the appeal of the assessee is allowed

ITA 737/BANG/2021[2016-17]Status: DisposedITAT Bangalore18 Apr 2022AY 2016-17

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2016-17

For Appellant: Shri Rajeev Nulvi, ARFor Respondent: Shri Manjunath Karkihalli, CIT(DR)(ITAT), Bengaluru
Section 269SSection 271DSection 271D(2)Section 273B

section 273B of the Act. Page 36 of 37 With respect to assessee's claim that the transaction in question 38. was neither loan nor deposit because the amount having been received from the trustee, was receipt to oneself, there was no reason for levy of penalty under s. 271D of the Act and that the default

4
Disallowance3
Exemption2

SRI.YARABOLU SESHADRI REDDY,BANGALORE vs. JOINT COMMISSIONER OF INCOME-TAX, BANGALORE

In the result, the appeals of assessee are allowed

ITA 1525/BANG/2016[2005-06]Status: DisposedITAT Bangalore28 Apr 2017AY 2005-06

Bench: Shri Vijay Pal Rao

For Appellant: Shri V. Narendra Sharma, AdvocateFor Respondent: Shri AR.V.Sreenivasan, JCIT (D.R)
Section 144Section 269Section 271DSection 274Section 68

68 of the Act. Subsequently, the Assessing Officer initiating the proceedings under Section 271D by issuing a notice under

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

In the result, the appeal of the assessee is allowed

ITA 704/BANG/2022[2017-18]Status: DisposedITAT Bangalore19 Sept 2022AY 2017-18

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

For Appellant: Shri Rajeev Nulvi, A.RFor Respondent: Shri K. Sankar Ganesh, D.R
Section 143(3)Section 269SSection 271DSection 273B

section 273B of the Act. 38. With respect to assessee's claim that the transaction in question was neither loan nor deposit because the amount having been received from the trustee, was receipt to oneself, there was no reason for levy of penalty under s. 271D of the Act and that the default, if any, was of technical

SMT. KEMPANNA SHYLAJA,BANGALORE vs. INCOME TAX OFFICER, WARD - 6(3)(1), BANGALORE

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

ITA 1105/BANG/2019[2013-14]Status: DisposedITAT Bangalore12 Jul 2021AY 2013-14

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

For Appellant: Shri L.Maheshkumar, AdvocateFor Respondent: Shri Priyadarshi Mishtra, Addl.CIT-DR
Section 54Section 54FSection 68

271D of the I.T.Act, which is a separate proceeding. Violation of provisions of section 269SS of the I.T.Act cannot be the ground for making addition u/s 68

KARNATAKA AGROCHEMICAL PVT LTD ,BANGALORE vs. ADDITIONAL COMMISSIONER OF INCOME TAX RANGE-4(1), BANGALORE

In the result, the appeal by the assessee is allowed

ITA 98/BANG/2022[2013-14]Status: DisposedITAT Bangalore29 Apr 2022AY 2013-14

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2013-14

For Appellant: Shri SreeHariKutsa, AdvocateFor Respondent: Shri Priyadarshi Mishra, Jt.CIT(DR)(ITAT), Bengaluru
Section 250Section 269TSection 271E

section 273B of the Act. 38. With respect to assessee's claim that the transaction in question was neither loan nor deposit because the amount having been received from the trustee, was receipt to oneself, there was no reason for levy of penalty under s. 271D of the Act and that the default, if any, was of technical

DR. SANKARAN SUNDAR,BANGALORE vs. INCOME TAX OFFICER, WARD-2(2)(7), BANGALORE

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

ITA 572/BANG/2022[2017-18]Status: DisposedITAT Bangalore21 Sept 2022AY 2017-18

Bench: Shri George George K, Jm & Ms.Padmavathy S, Am

For Appellant: Sri. Annamalai, AdvocateFor Respondent: Smt.Priyadarshini Baseganni, Addl.CIT-DR
Section 143(3)Section 250Section 269SSection 271D

68,982. In the said assessment order, the Assessing Officer had made an observation that the assessee had received cash of Rs.50,00,000 on entering into a sale agreement of a property and portion of the same was 2 ITA No.572/Bang/2022. Dr.Sankaran Sundar. deposited to the bank account of the assessee during the demonetisation period. Against the order passed

LAXMILAL BADOLLA ,BANGALORE vs. INCOME TAX OFFICER, WARD-2(2)(7), BANGALORE

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

ITA 815/BANG/2024[2016-17]Status: DisposedITAT Bangalore24 Jun 2024AY 2016-17

Bench: Shri Chandra Poojari & Shri Prakash Chand Yadavassessment Years : 2016-17

For Appellant: Smt Suman Lunkar, C.AFor Respondent: Smt Neha Shaya, Addl CIT DR
Section 143(1)Section 271BSection 271D

section 271D of the Act. During the course of penalty proceedings, the assessee offered his explanation before the NFAC and contended that there was a reasonable cause for accepting the amount in cash. However, the assessing authority could not find any force in the arguments of the assessee and levied penalty of Rs.8,39,000/- i.e. equivalent

KALAHALLI THIMMANAYAK SURESH,BANGALORE vs. INCOME TAX OFFICER, WARD-1(2)(1), BANGALORE

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

ITA 1165/BANG/2024[2017-18]Status: DisposedITAT Bangalore25 Nov 2024AY 2017-18

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Year: 2017-18

For Appellant: N O N EFor Respondent: Sri V. Parithivel, D.R
Section 250Section 269SSection 271DSection 273B

section 269SS of the Act, which attracts penalty u/s 271D of the Act. 4. We have heard the rival submissions and perused the materials available on record. It is not disputed that the assessee has sold a property on 1.3.2017 at a price of Rs. 68

MFAR HOLDINGS PVT. LIMITED,BANGALORE vs. PR. CIT, BANGALORE

In the result, appeal of the assessee is dismissed

ITA 634/BANG/2015[2010-11]Status: DisposedITAT Bangalore14 Aug 2015AY 2010-11

Bench: Shri. N. V. Vasudevan & Shri. Abraham P. George

For Appellant: Shri. Cherian K Baby, CAFor Respondent: Shri. Sunil Kumar Agarwala, JCIT
Section 143(3)Section 14ASection 263Section 269Section 271DSection 45(2)

271D and 271E and passed an order dated 29-12- 2014 after detailed verification of all records in the possession of your appellant. 03. Facts apropos are that assessee engaged in the business of holdings and leasing of properties had filed its return for the impugned assessment year declaring income of Rs.2,11,43,020/-. This was later revised downwards