M/S CORE METAL KRAFTS LTD.,CHANDIGARH vs. ACIT, C-5(1), CHANDIGARH

In the result, the appeal of the assessee is allowed

Bench: Us.

penalty u/s 271(l)(c) of the IT Act, 1961 on the addition of Rs 7,4777- on account of interest on TDS

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

u/s 271(l)(c) is against the well-established norms, case laws and jurisprudence of penalty under the Income Tax Act and against various judicial pronouncements. 9. That the lower authorities have failed to appreciate that this is a simple case where the assessee declared the income under the head Income From House Property but the revenue has assessed

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

u/s 271(l)(c) is against the well-established norms, case laws and jurisprudence of penalty under the Income Tax Act and against various judicial pronouncements. 9. That the lower authorities have failed to appreciate that this is a simple case where the assessee declared the income under the head Income From House Property but the revenue has assessed

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

u/s 271(l)(c) is against the well-established norms, case laws and jurisprudence of penalty under the Income Tax Act and against various judicial pronouncements. 9. That the lower authorities have failed to appreciate that this is a simple case where the assessee declared the income under the head Income From House Property but the revenue has assessed

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

u/s 271(l)(c) is against the well-established norms, case laws and jurisprudence of penalty under the Income Tax Act and against various judicial pronouncements. 9. That the lower authorities have failed to appreciate that this is a simple case where the assessee declared the income under the head Income From House Property but the revenue has assessed

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

u/s 271(l)(c) is against the well-established norms, case laws and jurisprudence of penalty under the Income Tax Act and against various judicial pronouncements. 9. That the lower authorities have failed to appreciate that this is a simple case where the assessee declared the income under the head Income From House Property but the revenue has assessed

KARNAIL SINGH,UK vs. JCIT (OSD) INTL. TAXATION, CIRCLE, CHANDIGARH

In the result, all the appeals of the assessee stands allowed

u/s 271(l)(c) is against the well-established norms, case laws and jurisprudence of penalty under the Income Tax Act and against various judicial pronouncements. 9. That the lower authorities have failed to appreciate that this is a simple case where the assessee declared the income under the head Income From House Property but the revenue has assessed

SH RAMESH KUMAR DUDANI,MOHALI vs. DCIT,CIRCLE -6(1), MOHALI

In the result, appeal of the Assessee is allowed

TDS on accrual of interest. As such the assessee has reasonable cause for non-disclosure of the same and has paid the income tax due in time. It is therefore prayed that the penalty proceedings may be dropped on this issue ." ………….. 3. That disallowance of 20% of the Foreign travelling is an agreed addition

SH. PRINCE SHARMA,CHANDIGARH vs. ACIT, C-5(1), CHANDIGARH

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

271(1)(c) of the Act. 2. At the outset it was pointed out to us from the order of the authorities below that the penalty was levied on account of the following additions made: 1) Addition on account of notional rent u/s 23(1) of the Act = Rs.1,93,200/- 2 A.Y.2013-14 2) Addition on account of un- disclosed

THE ASSISTANT EXCISE & TAXATION COMMISSIONER ,SHIMLA vs. ADDL. CIT, RANGE, SHIMLA

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

Bench: Smt. Diva Singh & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.903 /Chd/2019 "नधा"रण वष" / Assessment Year :2007-08 The Assistant Excise & बनाम The Additional Cit, Taxation Commissioner, Tds Range, Nahan Shimla "थायीलेखासं./Pan/Tan No: Ptla12468B अपीलाथ"/Appellant ""यथ"/Respondent

u/s 271CA on the appellant is duly covered by the provisions of section 273B of the I.T. Act, 1961 and the appellant duly had a genuine reasonable cause as explained above for not collecting the Tax at Source (TCS). Moreover, the admission of the appeal by the Hon'ble Himachal Pradesh High Court also supports the bona fide

THE ASSISTANT EXCISE & TAXATION COMMISSIONER ,NAHAN vs. ADDL. CIT, RANGE, SHIMLA

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

Bench: Smt. Diva Singh & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.903 /Chd/2019 "नधा"रण वष" / Assessment Year :2007-08 The Assistant Excise & बनाम The Additional Cit, Taxation Commissioner, Tds Range, Nahan Shimla "थायीलेखासं./Pan/Tan No: Ptla12468B अपीलाथ"/Appellant ""यथ"/Respondent

u/s 271CA on the appellant is duly covered by the provisions of section 273B of the I.T. Act, 1961 and the appellant duly had a genuine reasonable cause as explained above for not collecting the Tax at Source (TCS). Moreover, the admission of the appeal by the Hon'ble Himachal Pradesh High Court also supports the bona fide

THE ASSISTANT EXCISE & TAXATION COMMISSIONER ,SHIMLA vs. ADDL. CIT, RANGE, SHIMLA

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

Bench: Smt. Diva Singh & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.903 /Chd/2019 "नधा"रण वष" / Assessment Year :2007-08 The Assistant Excise & बनाम The Additional Cit, Taxation Commissioner, Tds Range, Nahan Shimla "थायीलेखासं./Pan/Tan No: Ptla12468B अपीलाथ"/Appellant ""यथ"/Respondent

u/s 271CA on the appellant is duly covered by the provisions of section 273B of the I.T. Act, 1961 and the appellant duly had a genuine reasonable cause as explained above for not collecting the Tax at Source (TCS). Moreover, the admission of the appeal by the Hon'ble Himachal Pradesh High Court also supports the bona fide

THE ASSISTANT EXCISE & TAXATION COMMISSIONER ,NAHAN vs. ADDL. CIT, RANGE, SHIMLA

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

Bench: Smt. Diva Singh & Shri Vikram Singh Yadavआयकरअपीलसं./Ita No.903 /Chd/2019 "नधा"रण वष" / Assessment Year :2007-08 The Assistant Excise & बनाम The Additional Cit, Taxation Commissioner, Tds Range, Nahan Shimla "थायीलेखासं./Pan/Tan No: Ptla12468B अपीलाथ"/Appellant ""यथ"/Respondent

u/s 271CA on the appellant is duly covered by the provisions of section 273B of the I.T. Act, 1961 and the appellant duly had a genuine reasonable cause as explained above for not collecting the Tax at Source (TCS). Moreover, the admission of the appeal by the Hon'ble Himachal Pradesh High Court also supports the bona fide

HEALTH BIOTECH LIMITED,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX,CIRCLE 1(1), CHANDIGARH

In the result, the appeal of the assessee is allowed

Bench: the disposal of the same.

u/s 271(1)(c) and then confirmed by Worthy CIT(A) deserves to be quashed since the same have been passed without affording reasonable opportunity of being heard to the appellant. 6. That the appellant craves for any addition, deletion or amendment in the grounds of appeal on or before the disposal of the same. 3. Briefly, the facts

M/S HERITAGE MARKETING,CHANDIGARH vs. ITO, W-3(2), CHANDIGARH

In the result appeal of the assessee is allowed

Bench: Smt. Diva Singh & Ms. Annapurna Guptaassessment Year: 2013-14 M/S Heritage Marketing Vs. The Ito Sco-64, F.F., Sector-20-C Ward-3(2), Dakshin Marg, Chandigarh Chandigarh

u/s 271(1)(c) Act. 2. Penalty in the present case has been levied on the addition made to the income of the assessee on account of difference in the Tax Deducted at Source(in short “TDS

SHIV KUMAR & SONS (HUF),RAJPURA vs. ITO, RAJPURA

In the result, the appeal of the assessee stands allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarassessment Year : 2006-07

u/s 271(1)(c) of the Act. 2. We have heard the rival submissions and have also gone through the records. We find that the Assessing officer in this case has levied penalty in respect of ¼ of the expenses claimed as commission payment by the assessee. The Ld. Counsel for the assessee has taken us through the assessment records whereby

M/S SHANTI SALES INDIA PVT. LTD.,LUDHIANA vs. DCIT, C-III, LUDHIANA

The appeal of the assessee is treated as allowed for statistical purposes

Bench: Shri N.K. Saini & Shri Sanjay Gargआयकर अपील सं./ Ita No. 1584/Chd/2017 "नधा"रण वष" / Assessment Year : 2011-12

TDS was not applicable. ITA No. 1045-Chd-2019 Sh. Mahesh Kumar Goel, Ludhiana 6 The Ld. Counsel has further submitted that during the period, when the assessment proceedings were pending in the case, the Directors of the Company were under depression due to recovery proceedings initiated by their Bankers viz. Bank of India. The said company had raised loan

PUNJAB CHEMICALS & CROP. PROTECTION LTD.,CHANDIGARH vs. DCIT, CHANDIGARH

The appeals of the assessee are allowed for statistical purposes

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2008-09

Penalty proceedings u/s 271(l)(c) of the Income Tax Act, 1961 have been initiated separately for furnishing inaccurate particulars of income to the tune of Rs. 2,75,831/-. 4.2. The issue stands adjudicated by the order of the ITAT for the A.Y. 2006-07 which is as under: 3. The learned AR for the assessee at the outset

M/S PUNJAB CHEMICALS & CROP. PROTECTION LTD.,CHANDIGARH vs. ADDL. CIT, CHANDIGARH

The appeals of the assessee are allowed for statistical purposes

Bench: Smt. Diva Singh & Dr. B.R.R. Kumarassessment Year: 2008-09

Penalty proceedings u/s 271(l)(c) of the Income Tax Act, 1961 have been initiated separately for furnishing inaccurate particulars of income to the tune of Rs. 2,75,831/-. 4.2. The issue stands adjudicated by the order of the ITAT for the A.Y. 2006-07 which is as under: 3. The learned AR for the assessee at the outset