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7 results for “penalty u/s 271”+ Exemptionclear

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Key Topics

Section 271D11Section 269S10Section 10(38)8Section 14A8Penalty6Section 2714Addition to Income4Section 143(3)3Exemption3Section 132

DCIT CENTRAL CIRCLE-2, BHUBANESWAR vs. M/S. HOTEL SUKHAMAYA PVT. LTD, BHUBANESWAR

In the result, all the three appeals of the Revenue are dismissed

ITA 205/CTK/2022[2009-10]Status: DisposedITAT Cuttack18 Sept 2024AY 2009-10
Section 132Section 269SSection 271D

Exemption) vs. ACME Educational Society (2010) 43 DTR (Del) 250 (2010) 326 ITR 146 (Del). In this decision, it was held that a loan grants temporary use of money, or temporary accommodation, and that the essence of a deposit is that there must be a liability to return it to the party by whom or on whose behalf

DCIT CENTRAL CIRCLE-2, BHUBANESWAR vs. M/S. HOTEL SUKHAMAYA PVT. LTD, BHUBANESWAR

In the result, all the three appeals of the Revenue are dismissed

ITA 206/CTK/2022[2012-13]Status: DisposedITAT Cuttack18 Sept 2024
2
Section 120(4)(b)2
Search & Seizure2
AY 2012-13
Section 132Section 269SSection 271D

Exemption) vs. ACME Educational Society (2010) 43 DTR (Del) 250 (2010) 326 ITR 146 (Del). In this decision, it was held that a loan grants temporary use of money, or temporary accommodation, and that the essence of a deposit is that there must be a liability to return it to the party by whom or on whose behalf

M/S. SHREE SAI ENTERPRISES,BHUBANESWAR vs. ADDL. CIT, RANGE-4, BHUBANESWAR

In the result, appeal of the assessee is allowed

ITA 290/CTK/2018[2014-15]Status: DisposedITAT Cuttack23 Aug 2019AY 2014-15

Bench: Shri Chandra Mohan Gargassessment Year: 2014-2015

For Appellant: Shri N.R.BiswalFor Respondent: Shri Subhendu Dutta, DR
Section 156Section 269SSection 271D

u/s. 143(2) & 142(1) of the Act were issued to the assessee. In response to the same, Id. AR appeared and case of the assessee was discussed. Thereafter the AO completed the assessment making various additions. The Assessing Officer noticed that the assessee has accepted cash loan amounting to Rs.9,74,499/- from various person in violation of provisions

PRAVEEN GARG HUF,ROURKELA vs. ITO, WARD 1, ROURKELA, ROURKELA

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

ITA 822/CTK/2025[2014-15]Status: DisposedITAT Cuttack16 Mar 2026AY 2014-15

Bench: Shri George Mathan & Shri Rajesh Kumarita No.822&823/Ctk/2025 Assessment Year: 2014-15 Praveen Garg Huf Ito, Ward-1, Rourkela Gurudrawara Road, Rourkela, Vs Odisha-769001. (Pan: Aahhp0557Q) (Appellant) (Respondent)

For Appellant: Shri Abhijeet Agarwal, ARFor Respondent: Shri Shakeer Ahamed, Sr. DR
Section 10(38)Section 271

exemption claimed u/s.10(38) of the Act.” 3.1 It was the submission that the issue is fully covered by the decision of the Coordinate Bench of this Tribunal. It was further submitted by the ld. AR that ITA No.822/CTK/2025 is consequential penalty proceedings u/s 271

PRAVEEN GARG HUF,ROURKELA vs. ITO, WARD 1, ROURKELA, ROURKELA

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

ITA 823/CTK/2025[2014-15]Status: DisposedITAT Cuttack16 Mar 2026AY 2014-15

Bench: Shri George Mathan & Shri Rajesh Kumarita No.822&823/Ctk/2025 Assessment Year: 2014-15 Praveen Garg Huf Ito, Ward-1, Rourkela Gurudrawara Road, Rourkela, Vs Odisha-769001. (Pan: Aahhp0557Q) (Appellant) (Respondent)

For Appellant: Shri Abhijeet Agarwal, ARFor Respondent: Shri Shakeer Ahamed, Sr. DR
Section 10(38)Section 271

exemption claimed u/s.10(38) of the Act.” 3.1 It was the submission that the issue is fully covered by the decision of the Coordinate Bench of this Tribunal. It was further submitted by the ld. AR that ITA No.822/CTK/2025 is consequential penalty proceedings u/s 271

JAGADISH LAL GUGNANI,BHUBANESWAR vs. ITO, BHUBANESWAR

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

ITA 2/CTK/2013[2006-07]Status: DisposedITAT Cuttack10 May 2017AY 2006-07

Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2006-07

For Appellant: Shri C.Parida, ARFor Respondent: Shri D.K.Pradhan, DR
Section 10(38)Section 143(3)Section 271(1)(c)Section 44A

penalty of Rs.1,23,796/- u/s. 271(1)(c) of the Income tax Act, 1961. 3. Brief facts of the case are that the assessee is an individual derives income from trading of shares & stocks and filed the return of income for Asse ssment Year : 20 06- 07 the assessment year 2006-07 on 30.10.2006 disclosing total income of Rs.97

M/S. ALTRADE MINERALS PVT. LIMITED,ROURKELA vs. ACIT,CENTRAL CIRCLE, SAMBALPUR, SAMBALPUR

In the result, appeal of the assessee is partly allowed

ITA 65/CTK/2023[2011-12]Status: DisposedITAT Cuttack16 Dec 2024AY 2011-12

Bench: Before Shri George Mathanmember & Manish Agarwal Manish Agarwalassessment Year : 2011-12 M/S. Altrade Minerals Pvt /S. Altrade Minerals Pvt Vs. Asst. Asst. Commissioner Commissioner Of Of Ltd., C/O. Kadmawala & Co., C/O. Kadmawala & Co., Income Tax, Central Circle, Income Tax, Central Circle, C.A., C.A., Budhram Budhram Oram Oram Sambalpur Market, Market, Kachery Kachery Road, Road, Rourkela. Pan/Gir No. No.Aafca 7136 F (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri M.R.Sahu, Ca Revenue By : Shri S.C.Mohanty, Sr Dr : Shri S.C.Mohanty, Sr Dr Date Of Hearing : 16/12/20 2024 Date Of Pronouncement : 16/12/20 024

For Appellant: Shri M.R.Sahu, CAFor Respondent: Shri S.C.Mohanty, Sr DR
Section 120(4)(b)Section 127Section 143(2)Section 143(3)Section 14A

penalty proceedings under section 271(1)(c) for the assessment year 2006- 07 is also set aside and quashed. The application being G. A. No. 81 of 2010 is also allowed. 11. No order as to costs. [Copy Enclosed CLPB-2.Pg.Nos. P a g e 47 | 63 ITA No.65/CTK /2023 Assessment Year : 2011-12 (H').TIME LIMIT SPECIFIED U/S.124