NKCM SPINNERS PRIVATE LTD,ERODE vs. ACIT, CIRCLE-1,, ERODE

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

Bench: Shri Mahavir Singh, Hon’Ble & Shri G. Manjunatha, Hon’Ble

penalty require stands to be cancelled, for the very restriction of disallowance of commission by the CIT(A) was only

SAKTHI SUGARS LIMITED,COIMBATORE vs. DCIT CORPORATE CIRCLE 1, COIMBATORE

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

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.2143/Chny/2018 "नधा"रण वष" /Assessment Year :2009-10

penalty levied only in respect of 4 I.T.A. No.2143/Chny/18 disallowance of ₹50,20,41,708/- towards disallowance of goodwill and ₹1,48,320/- under

EMAK GLASS FIBRE & ACCESSORIES PVT.LTD.,TIRUVALLUR vs. ITO, CORPORATE WARD-1(1), CHENNAI

In the result, appeal filed by the assessee is allowed

penalty was based on two issues: disallowance for non-deduction of TDS and disallowance of expenditure. The assessee had appealed

PHONEIX MEDICAL SYSTEMS PVT LTD.,CHENNAI vs. ACIT CORPORATE CIRCLE 5(2), CHENNAI

In the result, the assessee’s appeal is treated as partly allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

disallowance of sales tax penalty at Rs.61,200/-, the ld.DR submitted that the penalty paid is not allowable U/s.37 and hence

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Disallowance of escrow fee paid to bank under section 37 at : INR 201,663 and Transfer Pricing adjustments of at INR 1,48,48,492 & INR 40,96,82,652 and penalty

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Disallowance of escrow fee paid to bank under section 37 at : INR 201,663 and Transfer Pricing adjustments of at INR 1,48,48,492 & INR 40,96,82,652 and penalty

SIVA INDUSTRIES AND HOLDINGS LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Disallowance of escrow fee paid to bank under section 37 at : INR 201,663 and Transfer Pricing adjustments of at INR 1,48,48,492 & INR 40,96,82,652 and penalty

DCIT, CHENNAI vs. SIVA VENTURES LIMITED, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Disallowance of escrow fee paid to bank under section 37 at : INR 201,663 and Transfer Pricing adjustments of at INR 1,48,48,492 & INR 40,96,82,652 and penalty

PRESIDENCY KID LEATHER PVT. LTD.,CHENNAI vs. DCIT, CHENNAI

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

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A. No. 765/Chny/2017 िनधा"रण वष"/Assessment Year:2013-14 Presidency Kid Leather Pvt. Ltd., The Deputy Commissioner Of 21, Spartan Nagar, 1St Floor, Vs. Income Tax, Mogappair East, Chennai 600 037. Corporate Circle 5(2), [Pan:Aaacp1952D] Chennai 34. (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri D. Anand, Advocate ""थ" की ओर से/Respondent By : Shri Abani Kanta Nayak, Cit सुनवाई की तारीख/ Date Of Hearing : 16.03.2021 घोषणा की तारीख /Date Of Pronouncement : 19.04.2021 आदेश /O R D E R Per Duvvuru Rl Reddy: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 3, Chennai, Dated 31.01.2017 Relevant To The Assessment Year 2013-14 Challenging The Appellate Order Of Confirming The Levy Of Penalty Under Section 271(1)(C) Of The Income Tax Act, 1961 [“Act” In Short].

disallowances. Accordingly, the Assessing Officer initiated penalty proceedings by issuing notice under section 274 r.w.s. 271(1)(c) of the Act. After

M/S POTHYS,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(3), CHENNAI

The appeal is allowed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No. 1360/Chny/2023 (िनधा"रणवष" / Assessment Year: 2020-21) M/S. Pothys, Vs. The Deputy Commissioner Of No.15, Dr.Nageswara Rao Road, Income Tax, T. Nagar, Central Circle 1(3), Chennai – 600 017. Chennai. [Pan: Aaffp 2437B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri N. Arjun Raj, Advocate For Shri Y. Sridhar, Ca ""यथ" क" ओर से /Respondent By : Shri Ar.V. Srinivasan, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 09.05.2024 घोषणा क" तारीख /Date Of Pronouncement : 15.05.2024 आदेश / O R D E R Manu Kumar Giri ()

penalty of compensatory nature and disallow the penalty of penal nature. 12. The similar view was adopted in the case

SIVA INDUSTRIES AND HOLDINGS LIMITED,CHENNAI vs. DCIT, CHENNAI

Appeal stand allowed

Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am.

penalty on disallowance of consultancy charges and escrow fees. Aggrieved, the assessee is in further appeal before us. 4. We find

PALLAVA TEXTILES PRIVATE LIMITED ,PALLIPALAYAM vs. ITO , NFAC , DELHI

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

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.862/Chny/2022 िनधा"रण वष"/Assessment Year: 2017-2018 M/S. Pallava Textiles Private Limited, Vs. The Income Tax Officer, 27-C, Sankari Bye Pass Road, National Faceless Assessment Pallipalayam – 638 006, Centre [Nafac], Delhi. Tamil Nadu. [Pan:Aabcp9105F] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S. Sridhar, Advocate ""थ" की ओर से/Respondent By : Shri D. Hema Bhupal, Jcit सुनवाई की तारीख/ Date Of Hearing : 27.02.2023 घोषणा की तारीख /Date Of Pronouncement : 10.03.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre [Nfac], Delhi, Dated 05.07.2022 Relevant To The Assessment Year 2017-2018 In Confirming Levy Of Penalty Under Section 270A Of The Income Tax Act, 1961 [“Act” In Short].

disallowance made on estimated basis, no penalty can be levied. Therefore, the penalty levied by the Assessing Officer and confirmed

FLSMITH MINERALS (P) LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeal is allowed partly

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं./I.T.A. No. 1279/Mds/2014 "नधा"रण वष"/Assessment Year : 2003-04 M/S. Flsmidth Minerals P Ltd., Deputy Commissioner Of Income Tax, (Since Merged With Flsmidthpvt. Ltd.) Vs. Company Circle –Ii(1), Flsmidth House, Chennai – 34. 34, Egatoor, Kelambakkam, Old Mahabalipuram Road, Chennai – 600 103. [Pan: Aaacf 1122D] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shrig. Baskar, Advocate अपीलाथ&क'ओरसे/Appellant By *+यथ&क'ओरसे/Respondent By : Ms. Ann Mary Baby, Jcit

disallowances and initiated penalty proceedings u/s. 271(1)(c) . Assessee appealed against that assessment order, the CIT(A) confirmed the additions/disallowance

AMMEGA BELTING INDIA PVT LTD,CHENNAI vs. PCIT, CHENNAI-1, CHENNAI

The appeal stands dismissed

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1502/Chny/2024 (िनधा*रणवष* / Assessment Year: 2018-19) M/S Ammega Belting India Pvt. Ltd. Pcit बनाम/ 25A/1/3, Sidco Industrial Estate, Chennai-1. Vs. Ambattur, Chennai-600 098. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aacch-4757-L (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Y. Sridhar (Fca)-Ld.Ar " थ"कीओरसे/Respondent By : Shri Nilay Baran Som (Cit) -Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 19-08-2024 घोषणाकीतारीख /Date Of Pronouncement : 03-09-2024 आदेश / O R D E R

disallowing interest & penalty paid by the appellant on account of late filing of GST, Service Tax, LIC insurance, etc., amounting

AMPO VALVES INDIA PVT LTD.,COIMBATORE vs. DCIT CORPORATE CIRCLE 2, COIMBATORE

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

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

disallowed Rs.8,26,526/- being the penalty imposed by the RBI for furnishing incorrect particulars. (ii) The Ld.CIT(A) has erred

SURABI EDUCATIONAL AND CHARITABLE TRUST,DINDIGUL vs. ACIT, EXEMPTIONS, , COIMBATORE

In the result, all the appeals of the assessee for AY 2018-19 and AY\n2020-21 are partly allowed for statistical purposes

disallowances made by the A.Ο.\nThe CIT(A) also confirmed the levy of penalty by the A.O u/s. 270A

M/S ENRICE ENTERPRISES PVT. LTD,CHENNAI vs. DCIT,CENTRAL CIRCLE-3(4), CHENNAI

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha. G & Shri Manomohan Das

penalty must be exercised judicially. The learned CIT(A) failed to see that addition made in the assessment order is on ad hoc basis, based on estimated disallowances

M/S ENRIA ENTERPRISES PVT. LTD,CHENNAI vs. DCIT. CENTRAL CIRCLE - 3(4), CHENNAI

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha. G & Shri Manomohan Das

penalty must be exercised judicially. The learned CIT(A) failed to see that addition made in the assessment order is on ad hoc basis, based on estimated disallowances