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7 results for “penalty u/s 271”+ Section 246clear

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Key Topics

Section 271(1)(c)16Section 80I14Penalty7Section 14A6Section 142(1)5Section 1445Addition to Income5Section 2714Section 250(6)

HYCRON ELECTRONICS vs. DY.COMMISSIONER OF INCOME TAX,

Appeal of the Revenue is dismissed and appeal of the assessee is allowed

ITA 1217/CHANDI/2016[2010-11]Status: DisposedITAT Chandigarh06 Mar 2018AY 2010-11

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

For Appellant: NoneFor Respondent: Dr. Gulshan Raj
Section 14ASection 250(6)Section 271Section 271(1)Section 271(1)(c)Section 80Section 80I

246 ITR 571 (Delhi).] (v) The Hon'ble High Court of Madhya Pradesh in the matter of Narendra Kumar Rajendra Kumar Jain vs. Commissioner of Income Tax reported in (1988) 174 fTR 479 (MP) while deciding on the issue of levy of penalty u/s 271(1)(c) of the Act held that the penalty has been levied u/s 271

3
Section 1473
Disallowance3
Deduction2

DCIT, PARWANOO vs. M/S HYCRON ELECTRONICS, SOLAN

Appeal of the Revenue is dismissed and appeal of the assessee is allowed

ITA 1195/CHANDI/2016[2011-12]Status: DisposedITAT Chandigarh06 Mar 2018AY 2011-12

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

For Appellant: NoneFor Respondent: Dr. Gulshan Raj
Section 14ASection 250(6)Section 271Section 271(1)Section 271(1)(c)Section 80Section 80I

246 ITR 571 (Delhi).] (v) The Hon'ble High Court of Madhya Pradesh in the matter of Narendra Kumar Rajendra Kumar Jain vs. Commissioner of Income Tax reported in (1988) 174 fTR 479 (MP) while deciding on the issue of levy of penalty u/s 271(1)(c) of the Act held that the penalty has been levied u/s 271

SH. ANIL TALWAR,CHANDIGARH vs. DCIT, CC-II, CHANDIGARH

In the result, the appeals of the assessee are allowed

ITA 357/CHANDI/2018[2005-06]Status: DisposedITAT Chandigarh07 Aug 2018AY 2005-06

Bench: Ms. Diva Singh & Dr. B.R.R.Kumar

For Appellant: Shri Ved JainFor Respondent: Shri Manoj Kumar, Sr.DR
Section 153ASection 271(1)(c)

section 271(1)(c) cannot be imposed on the basis of the DVO’s report because the said Report at best is only an opinion on estimate of investment. In support of the said proposition; CIT v. Prakash Industries Ltd. [ITA No. 6230/Del/2013 dated 19.02.2016]; DCIT v. Ghodawat Enterprises Pvt. Ltd. [ITA no. 1613/Bang/2014 dated 03.06.2016] were heavily relied upon

INDER PAL SINGH LEGAL HEIR OF DECEASED SATNAM SINGH 171789, STREET NO.8, GURU TEG BAHADUR JAGRAON,PUNJAB vs. THE INCOME TAX OFFICER WARD-1 JAGRAON , PUNJAB

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

ITA 43/CHANDI/2024[2018-2019]Status: DisposedITAT Chandigarh12 Aug 2024AY 2018-2019

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

For Appellant: Shri Kushal Chopra, C.AFor Respondent: Shri Rohit Sharma, CIT DR
Section 250Section 253Section 269SSection 271Section 271DSection 274

246 2,00,000 38 17/5/2017 To Cash 250 2,00,000 39 18/5/2017 To Cash 254 2,00,000 40 19/5/2017 To Cash 258 2,00,000 41 15/2/2018 To Cash 1039 2,00,000 42 16/2/2018 To Cash 1042 2,00,000 43 17/2/2018 To Cash 1045 2,00,000 44 18/2/2018 To Cash

JAGROOP SINGH,BARNALA vs. ITO, W-1, BARNALA

In the result, the appeal filed by the appellant is treated as dismissed

ITA 217/CHANDI/2024[2012-13]Status: DisposedITAT Chandigarh16 Dec 2024AY 2012-13

Bench: This Tribunal. The Assessee Is Aggrieved By The Order Bearing No. Itba/Nfac/S/250/2023-24/105946628(1) Dt. 08/01/2024 Passed By The Cit(A) Under Section 250(6) Of The Act Which Is Hereinafter Referred To As The “Impugned Order”. The Relevant A.Y. Is 2012-13 & The Corresponding Previous Year Period Is From 01/04/2011 To 31/03/2012. 2. Factual Matrix

For Appellant: Shri Pardeep Goyal, CAFor Respondent: Shri Vivek Vardhan, JCIT
Section 133(6)Section 142(1)Section 144Section 147Section 148Section 151Section 246Section 250(6)Section 253Section 271

penalty proceedings u/s 271 (1 )(b) have been initiated for non- compliance of notice u/s 142(1) of the I.T. Act, 1961. 2.7 Thus the Ld. AO computed total income of assessee at Rs. 57,28,420/- (returned income Rs. 28,420/- + Rs. 57,00,000/-). 4 2.8 That the aforesaid assessment order of Ld. AO bears No. ITBA/COM/F/17/2019-20

M/S CHANDIGARH BOTTLING CO.,CHANDIGARH vs. ACIT, CHANDIGARH

In the result, appeals of the assessee are allowed

ITA 605/CHANDI/2011[2006-07]Status: DisposedITAT Chandigarh29 Aug 2018AY 2006-07

Bench: Ms. Diva Singh & Dr.B.R.R.Kumar & Assessment Year: 2006-07

For Appellant: Shri Tej Mohan SinghFor Respondent: Smt.Chander Kanta, Sr.DR

246/-( commercial building) respectively and later, during the A.Y. 2006- 07 there has been a transfer of the said property from the assessee to the personal account of Sh. Jaspal Singh. The fact that this transaction cannot be treated as a mere book entry but only as transfer of a capital asset is well supported by section

PRABHA GOYAL,CHANDIGARH vs. ITO, W-5(1), CHANDIGARH

In the result the appeals of the assessee are allowed

ITA 1139/CHANDI/2017[2007-08]Status: DisposedITAT Chandigarh23 Jul 2018AY 2007-08

Bench: Ms. Diva Singh & Ms. Annapurna Guptaassessment Year: 2007-08 Smt. Prabha Goyal, Vs The Ito, Scf-71, Grain Market, Ward 5(1), Sector 26, Chandigarh. Chandigarh. Pan No. :Ajmpg2545B & Assessment Year: 2007-08 Poonam Goyal, Vs The Ito, Scf-44, Grain Market, Ward 5(1), Sector 26, Chandigarh. Chandigarh. Pan No. :Aaypg0402C

For Appellant: Shri Sudhir SehgalFor Respondent: Smt. Sukhwinder Sharma, Addl. CIT
Section 143Section 147Section 148Section 271(1)

penalty proceedings under section 271(1) (c) of the Act. All the above-mentioned grounds of appeal are without prejudice and notwithstanding to each other. Further, reserves a right to submit such statements, documents and papers, as may be considered necessary, at any time before or at the time of appeal, to enable your office to decide the appeal based