THE GOVT. TELE COMMUNICATION EMPLOYEES CO-OP. SOCIETY LTD.,CHENNAI vs. ITO, NCW-11(1),, CHENNAI

Bench: SHRI MANU KUMAR GIRI (Judicial Member), SHRI S.R. RAGHUNATHA (Accountant Member)

section 271(1)(c). The Assessing officer however levied penalty of Rs.7,34,291/-u/s 271(1) by taking the above income assessed of Rs. 23,76,348/-. ITA Nos.2740 to 2743 /Chny/2024 11 Firstly, the appellant submits that it has furnished all the particulars of income in the return of income and claimed exemption u/s 80P

THE GOVT. TELE COMMUNICATION EMPLOYEES CO-OP. SOCIETY LTD.,CHENNAI vs. ITO, NCW-11(1), CHENNAI

Bench: SHRI MANU KUMAR GIRI (Judicial Member), SHRI S.R. RAGHUNATHA (Accountant Member)

section 271(1)(c). The Assessing officer however levied penalty of Rs.7,34,291/-u/s 271(1) by taking the above income assessed of Rs. 23,76,348/-. ITA Nos.2740 to 2743 /Chny/2024 11 Firstly, the appellant submits that it has furnished all the particulars of income in the return of income and claimed exemption u/s 80P

MEGNANAPURAM PACCS,TIRUCHENDUR vs. PCIT,, MADURAI

271(1) (c) of the Act was also legal. \" (p. 787)\n7. Addl. CIT v. Badri Prasad Kashi Prasad [1993] 200 ITR 206 (All.) \"Held, that the\nlevy of penalty was based on the addition to income made by the Income-tax\nOfficer. The addition was deleted by the Tribunal. Hence, the Tribunal was justified\nin cancelling the penalty

AA522 KUNNATHUR VELAMPALAYAM PRIMARY AGRICULTURAL COOP CREDIT SOCIETY LTD,TIRUPUR vs. THE INCOME TAX OFFICER, WARD 1(2) TIRUPUR, TIRUPUR

The appeal of the assessee is allowed

Bench: Shri George George Kand Ms. Padmavathy.Sआयकर अपील सं./Ita No.3133/Chny/2025 िनधा"रण वष" /Assessment Year: 2019-20

80P of the Act. The A.O initiated penalty proceedings u/s. 272A(1)(d) of the Act for the reason that the assessee did not respond to the notices issued. The A.O passed AA522 Kunnathur Velampalayam Primary Agricultural Co-op. Credit Society Ltd. :- 3 -: the penalty order levying a penalty of Rs.50,000/- (Rs.10,000/- for each of the default). Aggrieved