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6 results for “penalty u/s 271”+ Section 154clear

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Key Topics

Section 2719Section 143(3)8Section 44A6Section 2636Penalty5Section 271B4Section 56(2)(viib)3Deduction3Section 80P2

MR. RANJITH THAZHE KUNHAMBATH,ERNAKULAM vs. ITO, WARD 3(3), NON CORPORATE RANGE 2, KOCHI

In the result, the appeal is allowed in favour of the assessee and the stay petition is dismissed as infructuous

ITA 1000/COCH/2022[2011-12]Status: DisposedITAT Cochin08 Mar 2023AY 2011-12

Bench: Shri George George K & Ms. Padmavathy S

For Appellant: Shri. Paulson, CAFor Respondent: Smt. J M Jamuna Devi, Sr. AR
Section 139(1)Section 143(1)Section 143(2)Section 143(3)Section 154Section 271Section 271(1)(c)Section 274

penalty u/s 271(1)(c) unless it is deliberate and intentional so as to evade payment of tax. The learned DR relied on the order of the lower authorities. 5. We heard the parties and perused the material on record. We notice that the assessee has been working in Dhanalakshmi Bank during the year under consideration and while filing

Section 442
Addition to Income2

SMT.JAMMELA S,KOLLAM vs. THE DCIT, KOLLAM

In the result, appeal of the assessee is allowed

ITA 463/COCH/2019[2007-08]Status: DisposedITAT Cochin10 Oct 2019AY 2007-08

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 143(3)Section 271Section 27l(1)(c)

u/s 271(l)(c) was imposed. The Assessing Officer relied on the decision of Madras High Court in Sri Nityakalyani Textiles Ltd. vs. DCIT (282 ITR 154) which justified levy of penalty on under-valuation of closing stock. Further, it 3 I.T.A. No.463 /Coch/2019 was noticed that the assessee had failed to furnish reasonable cause as envisaged in section

M/S.KOTTAKKAL WOOD COMPLEX,KOTTAKKAL vs. THE ITO, TIRUR

In the result, the appeals of the assessee are allowed and the Stay Petitions

ITA 593/COCH/2019[2002-03]Status: DisposedITAT Cochin03 Mar 2020AY 2002-03

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 133ASection 143(3)Section 153ASection 260ASection 271(1)(c)

271(1)(c) (Rs.) 2002-03 6,23,108/- 2003-04 12,01,918/ 2004-05 6,95,852/ 2005-06 4,68,202/- 2006-07 2,44,553/- 2007-08 2,68,385/- 2008-09 1,77,154/-. 4. On appeal, the CIT(A) observed that the main issue is penalty imposed by the AO on account of addition

M/S.SAHYADRI AGENCIES LTD,KANDNASSERY, THRISSUR vs. THE ITO, WD-1(3), THRISSUR

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

ITA 439/COCH/2019[2014-15]Status: DisposedITAT Cochin05 Nov 2019AY 2014-15

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

For Appellant: Sri.Bomi Daruwala, AdvocateFor Respondent: Smt.A.S.Bindhu, Sr.DR
Section 143(1)Section 143(3)Section 14ASection 263Section 56(2)(viib)Section 68

penalty u/s 271(1)(b) r.w.s. 274 of the I.T.Act.” Due to assessee’s non-cooperation during the assessment proceedings, the Assessing Officer did not have occasion to verify the details regarding the applicability of provisions of section 56(2)(viib) and section 68 of the I.T.Act in respect of the issue / allotment of shares (OPCCPS). The 13 M/s.Sahyadri Agencies

KOLLOORVILA SERVICE COOPERATIVE SOCIETY LIMITED Q214,KOLLAM vs. INCOME TAX OFFICEER, KOLLAM

Appeal is allowed and later appeal

ITA 667/COCH/2023[2017-18]Status: DisposedITAT Cochin13 Aug 2024AY 2017-18

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

For Appellant: ---- None ----For Respondent: Smt.V.Swarnalatha, Sr.DR
Section 143(3)Section 271Section 271BSection 273Section 44Section 44ASection 80P

Section 271(B) of the Income Tax Act 1961 imposing maximum penalty of Rs.150000/-on 02.03.2022. 3 ITA Nos.667 & 879/Coch/2023. Kolloorvila Service Co-op Society Ltd. 5. Aggrieved by the order imposing penalty the assessee preferred appeal before the first Appellate Authority on 02.07.2022. the first Appellate Authority without granting opportunity for personal hearing and does not consider the argument

KOLLOORVILA SERVICE COOPERATIVE SOCIETY LIMITED Q214,KOLLAM vs. INCOME TAX OFFICER, WARD-2, KOLLAM

Appeal is allowed and later appeal

ITA 879/COCH/2023[2017-18]Status: DisposedITAT Cochin13 Aug 2024AY 2017-18

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

For Appellant: ---- None ----For Respondent: Smt.V.Swarnalatha, Sr.DR
Section 143(3)Section 271Section 271BSection 273Section 44Section 44ASection 80P

Section 271(B) of the Income Tax Act 1961 imposing maximum penalty of Rs.150000/-on 02.03.2022. 3 ITA Nos.667 & 879/Coch/2023. Kolloorvila Service Co-op Society Ltd. 5. Aggrieved by the order imposing penalty the assessee preferred appeal before the first Appellate Authority on 02.07.2022. the first Appellate Authority without granting opportunity for personal hearing and does not consider the argument