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38 results for “penalty u/s 271”+ Section 71clear

Sorted by relevance

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Key Topics

Addition to Income37Section 271(1)(c)27Section 153A22Penalty22Section 80P21Section 13219Section 27116Section 14415Condonation of Delay

MRS. THANKAMANI VARADARAJULU,KOTTAYAM vs. THE DCIT,CEN-CIRCLE-2, TRIVANDRUM

In the result, appeals of the assesses are allowed

ITA 374/COCH/2019[2002-03]Status: DisposedITAT Cochin27 Sept 2019AY 2002-03

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

Section 271(1)

u/s. 274 of the Act and one such notice issued for AY 2002-03 in the case of Smt. Anita Nagendran dated 31/12/12009 reads as follows: ENCLOSURE 1 - Notice Under Section 274 of The Income Tax Act 1961 NOTICE UNDER SECTION 274 READ WITH SECTION 271 OF THE INCOME-TAX ACT, 1961 PAN: ABFPV7178.I Office of the Assistant Commissione

MS.KALLIYATH CYRIL RAJU,COCHIN vs. THE DCIT, COCHIN

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

ITA 54/COCH/2017[2010-11]Status: DisposedITAT Cochin24 May 2018AY 2010-11

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

Showing 1–20 of 38 · Page 1 of 2

15
Section 249(2)12
Section 153D12
Unexplained Investment9
Section 132Section 139Section 153ASection 271Section 271(1)(c)Section 274

penalty under clause (c) of sub-section (1) of this section, be deemed to have concealed the particulars of his income or furnished inaccurate particulars of such income.” 4.2 For invoking the Explanation 5A of section 271(1)(c) of the Act, search u/s. 132 of the Act should result in unearthing of unaccounted income or undisclosed income

SMT.ASHA MENON( ASHA SUNIL),COCHIN vs. THE DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 594/COCH/2018[2006-07]Status: DisposedITAT Cochin30 Apr 2019AY 2006-07

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

71,120/- for the assessment year 2003-04; Rs. 11,99,600/- for the assessment year 2004- 05; Rs. 17,57,196/- for the assessment year 2005-06; Rs. 27,24,607/- for the assessment year 2006-07; Rs. 12,87,488/- for the assessment year 2007-08; and Rs. 47,04,660/- for the assessment year 2008-09. Other

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 51/COCH/2014[2008-09]Status: DisposedITAT Cochin30 Apr 2019AY 2008-09

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

71,120/- for the assessment year 2003-04; Rs. 11,99,600/- for the assessment year 2004- 05; Rs. 17,57,196/- for the assessment year 2005-06; Rs. 27,24,607/- for the assessment year 2006-07; Rs. 12,87,488/- for the assessment year 2007-08; and Rs. 47,04,660/- for the assessment year 2008-09. Other

SMT.ASHA MENON( ASHA SUNIL),COCHIN vs. THE ACIT(CEN,CIRCLE, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 595/COCH/2018[2007-08]Status: DisposedITAT Cochin30 Apr 2019AY 2007-08

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

71,120/- for the assessment year 2003-04; Rs. 11,99,600/- for the assessment year 2004- 05; Rs. 17,57,196/- for the assessment year 2005-06; Rs. 27,24,607/- for the assessment year 2006-07; Rs. 12,87,488/- for the assessment year 2007-08; and Rs. 47,04,660/- for the assessment year 2008-09. Other

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 47/COCH/2014[2004-05]Status: DisposedITAT Cochin30 Apr 2019AY 2004-05

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

71,120/- for the assessment year 2003-04; Rs. 11,99,600/- for the assessment year 2004- 05; Rs. 17,57,196/- for the assessment year 2005-06; Rs. 27,24,607/- for the assessment year 2006-07; Rs. 12,87,488/- for the assessment year 2007-08; and Rs. 47,04,660/- for the assessment year 2008-09. Other

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 50/COCH/2014[2007-08]Status: DisposedITAT Cochin30 Apr 2019AY 2007-08

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

71,120/- for the assessment year 2003-04; Rs. 11,99,600/- for the assessment year 2004- 05; Rs. 17,57,196/- for the assessment year 2005-06; Rs. 27,24,607/- for the assessment year 2006-07; Rs. 12,87,488/- for the assessment year 2007-08; and Rs. 47,04,660/- for the assessment year 2008-09. Other

SMT.ASHA MENON( ASHA SUNIL),COCHIN vs. THE ACIT(CEN,CIRCLE, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 596/COCH/2018[2008-09]Status: DisposedITAT Cochin30 Apr 2019AY 2008-09

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

71,120/- for the assessment year 2003-04; Rs. 11,99,600/- for the assessment year 2004- 05; Rs. 17,57,196/- for the assessment year 2005-06; Rs. 27,24,607/- for the assessment year 2006-07; Rs. 12,87,488/- for the assessment year 2007-08; and Rs. 47,04,660/- for the assessment year 2008-09. Other

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 46/COCH/2014[2003-04]Status: DisposedITAT Cochin30 Apr 2019AY 2003-04

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

71,120/- for the assessment year 2003-04; Rs. 11,99,600/- for the assessment year 2004- 05; Rs. 17,57,196/- for the assessment year 2005-06; Rs. 27,24,607/- for the assessment year 2006-07; Rs. 12,87,488/- for the assessment year 2007-08; and Rs. 47,04,660/- for the assessment year 2008-09. Other

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 48/COCH/2014[2005-06]Status: DisposedITAT Cochin30 Apr 2019AY 2005-06

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

71,120/- for the assessment year 2003-04; Rs. 11,99,600/- for the assessment year 2004- 05; Rs. 17,57,196/- for the assessment year 2005-06; Rs. 27,24,607/- for the assessment year 2006-07; Rs. 12,87,488/- for the assessment year 2007-08; and Rs. 47,04,660/- for the assessment year 2008-09. Other

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 49/COCH/2014[2006-07]Status: DisposedITAT Cochin30 Apr 2019AY 2006-07

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

71,120/- for the assessment year 2003-04; Rs. 11,99,600/- for the assessment year 2004- 05; Rs. 17,57,196/- for the assessment year 2005-06; Rs. 27,24,607/- for the assessment year 2006-07; Rs. 12,87,488/- for the assessment year 2007-08; and Rs. 47,04,660/- for the assessment year 2008-09. Other

M/S.JEENA HOTEL & UDAYA BAR,ALAPPUZHA vs. THE ACIT, CIRCLE-1,, ALAPPUZHA

In the result, the appeal of the assessee is allowed

ITA 265/COCH/2018[2008-09]Status: DisposedITAT Cochin01 Aug 2019AY 2008-09

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

Section 271BSection 44A

71 days in filing the appeal and admit the appeal for adjudication. 3. The assessee has raised the following grounds of appeal: 1. The learned Commissioner of Income-tax(Appeals) erred in confirming the penalty of Rs.1 lakh levied u/s. 271B of the Income Tax Act. I.T.A. No.265/Coch/2018 2. The learned Commissioner of Income-tax(Appeals) erred in rejecting

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)

71,680/- was added on the basis of revaluation of closing stock of rejection quality of kernels @ Rs.5 per kg and so addition to the extent of Rs.3,24,142/- was sustained. Having confirmed the additions, penalty proceedings u/s 27l(1)(c) of the I.T. act were initiated vide letter dated 23.02.2012, and it was proposed to levy 200% penalty

HERCULES AUTOMOBILES INTERNATIONAL PRIVATE LIMITED,THIRUVANANTHAPURAM vs. AO TYPE-W, AAYAKAR BHAWAN, ALLEPPEY

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

ITA 776/COCH/2025[2012-13]Status: DisposedITAT Cochin20 Nov 2025AY 2012-13

Bench: Shri Inturi Rama Rao, Am & Shri Manu Kumar Giri, Jm Assessment Year: 2012-13 Hercules Automobiles International P. Ltd. .......... Appellant Tc No.16/1860, Dpi Road, Thycaud S.O. Chempakassery, Thiruvananthapuram 695014 [Pan: Aabcn2898M] Vs. Dcit, Circle - 1, Alappuzha ......... Respondent Assessee By: Shri Jose Zachariah, Ca Revenue By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 06.11.2025 Date Of Pronouncement: 20.11.2025

For Appellant: Shri Jose Zachariah, CAFor Respondent: Smt. Leena Lal, Sr. D.R
Section 143(3)Section 148Section 14ASection 271(1)(c)Section 274

71,34,545/-. Against the said return of income, the assessment was completed by the AO vide assessment order dated 23.12.2019 passed u/s. 143(3) r.w.s. 147 of the Act at total loss of Rs. 3,36,83,226/-. While doing so, the AO disallowed the loss on account of foreign currency transaction of Rs. 21,84,084/-. The said

M/S.PRINCE ROLLER FLOUR MILLS P. LTD,PALAKKAD vs. THE ACIT, KOCHI

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

ITA 36/COCH/2019[2009-10]Status: DisposedITAT Cochin20 Dec 2019AY 2009-10

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

Section 132Section 143(2)Section 153A

Penalty proceedings u/s. 271(1)(c) of the Income Tax Act were initiated separately. Accordingly, the assessment was completed as under: Income from Business[as returned] Rs. 4812959/- Addition (as per para 5.3] Rs.18041977/- Total Rs.22854956/- Less: Chapter VIA Deduction (80G) Rs. 2500/- Total Income Assessed Rs.22852436/- AY 2014-15 Table 1 Sl. Products Qty. Produced Production Sale Value Sale

THE ACIT, KOCHI vs. M/S.PRINCE ROLLER FLOUR MILLS P. LTD, PALAKKAD

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

ITA 21/COCH/2019[2009-10]Status: DisposedITAT Cochin16 Dec 2019AY 2009-10

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

Section 132Section 143(2)Section 153A

Penalty proceedings u/s. 271(1)(c) of the Income Tax Act were initiated separately. Accordingly, the assessment was completed as under: Income from Business[as returned] Rs. 4812959/- Addition (as per para 5.3] Rs.18041977/- Total Rs.22854956/- Less: Chapter VIA Deduction (80G) Rs. 2500/- Total Income Assessed Rs.22852436/- AY 2014-15 Table 1 Sl. Products Qty. Produced Production Sale Value Sale

SRI.VARUGEHESE M. UTHUP,KOCHI vs. THE ACIT, CEN-CIRCLE,, KOCHI

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

ITA 169/COCH/2019[2012-13]Status: DisposedITAT Cochin08 Jul 2019AY 2012-13

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

Section 132Section 144Section 153ASection 249(2)Section 271Section 271(1)(c)

section 249(2)(b) within 30 days of the notice of demand relating to the assessment or penalty. It was found that in the aforesaid cases the notices of demand were duly served on the assessee as per the prescribed procedure and the records indicated that the assessee was in knowledge of the same. 3.4 In view of the above

SRI VARGHESE M.UTHUP,KOCHI vs. THE ACIT,CEN-CIRCLE-2, KOCHI

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

ITA 161/COCH/2019[2009-10]Status: DisposedITAT Cochin08 Jul 2019AY 2009-10

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

Section 132Section 144Section 153ASection 249(2)Section 271Section 271(1)(c)

section 249(2)(b) within 30 days of the notice of demand relating to the assessment or penalty. It was found that in the aforesaid cases the notices of demand were duly served on the assessee as per the prescribed procedure and the records indicated that the assessee was in knowledge of the same. 3.4 In view of the above

SRI.VARUGEHESE M. UTHUP,KOCHI vs. THE ACIT, CEN-CIRCLE,, KOCHI

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

ITA 164/COCH/2019[2013-14]Status: DisposedITAT Cochin08 Jul 2019AY 2013-14

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

Section 132Section 144Section 153ASection 249(2)Section 271Section 271(1)(c)

section 249(2)(b) within 30 days of the notice of demand relating to the assessment or penalty. It was found that in the aforesaid cases the notices of demand were duly served on the assessee as per the prescribed procedure and the records indicated that the assessee was in knowledge of the same. 3.4 In view of the above

SRI.VARUGEHESE M. UTHUP,KOCHI vs. THE ACIT, CEN-CIRCLE,, KOCHI

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

ITA 166/COCH/2019[2015-16]Status: DisposedITAT Cochin08 Jul 2019AY 2015-16

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

Section 132Section 144Section 153ASection 249(2)Section 271Section 271(1)(c)

section 249(2)(b) within 30 days of the notice of demand relating to the assessment or penalty. It was found that in the aforesaid cases the notices of demand were duly served on the assessee as per the prescribed procedure and the records indicated that the assessee was in knowledge of the same. 3.4 In view of the above