DCIT, CHANDIGARH vs. SH. PARAMJIT SINGH, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

section 271(1)(c) of the Act. The assesses, themselves, declared income in question and paid the due taxes. There was no difference between the offered income and the taxed income. The Hon'ble Calcutta High Court in the case of ‘Commissioner of Income Tax Kolkata-II Vs. Palani Investment & Industries Corporation Ltd.’, (2016) 67 taxman.com 60 has held that

DCIT, CHANDIGARH vs. SH. PARAMJIT SINGH, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

section 271(1)(c) of the Act. The assesses, themselves, declared income in question and paid the due taxes. There was no difference between the offered income and the taxed income. The Hon'ble Calcutta High Court in the case of ‘Commissioner of Income Tax Kolkata-II Vs. Palani Investment & Industries Corporation Ltd.’, (2016) 67 taxman.com 60 has held that

DCIT, CHANDIGARH vs. SH. KULWANT SINGH, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

section 271(1)(c) of the Act. The assesses, themselves, declared income in question and paid the due taxes. There was no difference between the offered income and the taxed income. The Hon'ble Calcutta High Court in the case of ‘Commissioner of Income Tax Kolkata-II Vs. Palani Investment & Industries Corporation Ltd.’, (2016) 67 taxman.com 60 has held that

DCIT, CHANDIGARH vs. SMT. JASWANT KAUR, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

section 271(1)(c) of the Act. The assesses, themselves, declared income in question and paid the due taxes. There was no difference between the offered income and the taxed income. The Hon'ble Calcutta High Court in the case of ‘Commissioner of Income Tax Kolkata-II Vs. Palani Investment & Industries Corporation Ltd.’, (2016) 67 taxman.com 60 has held that

DCIT, CHANDIGARH vs. SMT. JASWANT KAUR, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

section 271(1)(c) of the Act. The assesses, themselves, declared income in question and paid the due taxes. There was no difference between the offered income and the taxed income. The Hon'ble Calcutta High Court in the case of ‘Commissioner of Income Tax Kolkata-II Vs. Palani Investment & Industries Corporation Ltd.’, (2016) 67 taxman.com 60 has held that

DCIT, CHANDIGARH vs. SH. KULWANT SINGH, MOHALI

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

section 271(1)(c) of the Act. The assesses, themselves, declared income in question and paid the due taxes. There was no difference between the offered income and the taxed income. The Hon'ble Calcutta High Court in the case of ‘Commissioner of Income Tax Kolkata-II Vs. Palani Investment & Industries Corporation Ltd.’, (2016) 67 taxman.com 60 has held that

DCIT, CHANDIGARH vs. SMT. MANJIT KAUR, CHANDIGARH

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

section 271(1)(c) of the Act. The assesses, themselves, declared income in question and paid the due taxes. There was no difference between the offered income and the taxed income. The Hon'ble Calcutta High Court in the case of ‘Commissioner of Income Tax Kolkata-II Vs. Palani Investment & Industries Corporation Ltd.’, (2016) 67 taxman.com 60 has held that

HYCRON ELECTRONICS vs. DY.COMMISSIONER OF INCOME TAX,

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

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

271(1)(c) were also initiated w.r.t. all the above referred restriction in deduction claimed and disallowances made. The issues on which penalty levied is as under:- Amount of addition on which penalty Issues where penalty proceedings proceedings initiated initiated 8m A.Y. claim of deduction u/s 80IC Rs.7,36,16,042/- Other income Rs.21,84,505/- U/s 14A Rs.5

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

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

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

271(1)(c) were also initiated w.r.t. all the above referred restriction in deduction claimed and disallowances made. The issues on which penalty levied is as under:- Amount of addition on which penalty Issues where penalty proceedings proceedings initiated initiated 8m A.Y. claim of deduction u/s 80IC Rs.7,36,16,042/- Other income Rs.21,84,505/- U/s 14A Rs.5

THE KANGRA CENTRAL COOPERATIVE BANK LIMITED,DHARAMSHALA vs. DEPUTY COMMISSIONER OF INCOME TAX, PALAMPUR

In the result, both the appeals of the assessee are allowed

u/s 250 of the Act by the Ld.\nCommissioner of Income-Tax (Appeals), National Faceless Appeal Centre (NFA),\nDelhi is against law and facts on the file in as much as he was not justified to\nuphold the action of the Ld. Assessing Officer in levying a penalty of Rs.\n66,38,400/- without specifying the limb of Section 271

ANJALI SAINI,ZIRAKPUR vs. ITO-WARD-5(5), CHANDIGARH

The appeal of the assesse is allowed for statistical purposes

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

36 which are reproduced below: 1. That the authorities below are not justified in not providing the proper opportunity of hearing which is against the natural justice and the order passed by the Ld. AO be quashed. 2. That the Ld. CIT(A) is not justified in confirming the penalty u/s 271(1)(b) in the absence of service

M/S PIONEER PESTICIDES PVT. LTD.,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH

In the result, the appeal of the assessee is hereby dismissed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarassessment Year : 2013-14 M/S Pioneer Pesticides Pvt. Ltd., Vs. The Dcit, Sco 82-83, Sector 8-C, Circle 1(1), Chandigarh Chandigarh

section 36(1)(iii) of the Act. Penalty proceedings were initiated u/s 271(1)(c) of the Act for concealing

M/S HAPPY STEEL PRIVATE LTD.,LUDHIANA vs. DCIT CC-2, LUDHIANA

In the result, the appeal of the Assessee is allowed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 397/Chd/2023 "नधा"रण वष" / Assessment Year : 2016-17 M/S Happy Steels Private Limited, Vs. The Dcit, बनाम B-Xxix, 2254, Central Circle-2, Kanganwal Road, Ludhiana P.O. Jugiana, Ludhiana 141120 "थायी लेखा सं./Pan No: Aaach6019D अपीलाथ" ./ Appellant ""यथ" / Respondent

penalty u/s Section 271 (1) (c). 3. Brief facts of the case are that the Assessee company is engaged in the business of manufacturing of Auto parts. A search operation u/s 132 of the Act was conducted at the premises of the Assessee company on 27.8.2015. During the search operation, physical verification of stock was done by the Department

M/S SEL TEXTILES LIMITED,LUDHIANA vs. DCIT, CC-III, LUDHIANA

In the result, theappeal of the assessee stands partly allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकरअपीलसं./Ita No.695/Chd/2018 धििागरणवर्ग / Assessment Year :2014-15 बिाम M/S Sel Textiles Limited, The Dcit, 273-74,G.T. Road, Central Circle-Iii, Dhandari Kalan, Ludhiana Ludhiana स्थायीलेखासं./Pan No: Aancs0401M अपीलाथी/Appellant प्रत्यथी/Respondent धििागररतीकीओरसे/Assessee By : Shri Ashwani Kumar, Ca राजस्वकीओरसे/ Revenue By : Sh. Ram Mohan, Cit Dr सुिवाईकीतारीख/Date Of Hearing : 28.01.2019 उदघोर्णाकीतारीख/Date Of Pronouncement : 18.04.2019 आदेश/Order Per Sanjay Garg:

271(1)(c), Section 271AAA & Section 271AAB, the Legislature has restricted the scope of penal provision only to “undisclosed income” and not assessed total income. Moreover the “undisclosed income” term/expression has been defined by the Legislature in all such penal provisions in a specific and restricted manner and not in an inclusive manner. For that reason the definition of undisclosed

SMT. SHWETA JAIN,LUDHIANA vs. DCIT, CC-1, LUDHIANA

In the result, all the above appeals of different assessees are partly allowed for statistical purposes

271(1)(c), Section 271AAA & Section 271AAB, the Legislature has restricted the scope of penal provision only to “undisclosed income” and not assessed total income. Moreover the term/expression “undisclosed income” has been defined by the Legislature in all such penal provisions in a specific and restricted manner and not in an inclusive manner. For that reason the definition of undisclosed

M/S MAHARAJA LIGHT & TENT SERVICES,LUDHIANA vs. DCIT, CC-1, LUDHIANA

In the result, all the above appeals of different assessees are partly allowed for statistical purposes

271(1)(c), Section 271AAA & Section 271AAB, the Legislature has restricted the scope of penal provision only to “undisclosed income” and not assessed total income. Moreover the term/expression “undisclosed income” has been defined by the Legislature in all such penal provisions in a specific and restricted manner and not in an inclusive manner. For that reason the definition of undisclosed

SMT. VANI JAIN,LUDHIANA vs. DCIT, CC-1, LUDHIANA

In the result, all the above appeals of different assessees are partly allowed for statistical purposes

271(1)(c), Section 271AAA & Section 271AAB, the Legislature has restricted the scope of penal provision only to “undisclosed income” and not assessed total income. Moreover the term/expression “undisclosed income” has been defined by the Legislature in all such penal provisions in a specific and restricted manner and not in an inclusive manner. For that reason the definition of undisclosed

AKM RESORTS,MOHALI vs. ACIT CIRCLE 5(1), CHANDIGARH

Appeal of the assessee is allowed

Bench: This Tribunal. The Assessee

u/s 271(1)(c) of the Income Tax Act, 1961 and that he has no explanation to offer. 2.5 The ld. AO keeping in view that the assessee has not filed any reply was left with no other option but to decide the issue of penalty on merits on the basis of material available on record. ITA 42/CHD/2024

M/S HAPPY STEEL PRIVATE LTD.,LUDHIANA vs. DCIT CC-2, LUDHIANA

In the result, the appeal is allowed

Bench: Shri A.D. Jain & Shri Krinwant Sahay

36,822/-. 5. Vide the penalty order dated 30.03.2022, penalty of Rs.2.50 lacs was imposed on the assessee u/s 271AAB(1) of the Act. 6. By virtue of the impugned order, the ld. CIT(A) confirmed the penalty. 7. Before us, the ld. Counsel for the assessee contended that the surrender made was general and was not with respect