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3 results for “penalty u/s 271”+ Section 172clear

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Key Topics

Section 271D11Section 269S10Penalty3Section 1322Addition to Income2Search & Seizure2

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

172 ITR 321) (SC), Hon'ble Punjab & Haryana High Court in the case of CIT vs. Eqbal Inn & Hotels Ltd., Hon'ble Madras High Court in the case of CIT vs. I. P. India Pvt. Ltd. (343 ITR 0353), CIT vs. Rugmini Ram Ragav Spinners Pvt. Ltd. (304 ITR 0417) broadly point out that such transactions between the sister concerns

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
AY 2012-13
Section 132Section 269SSection 271D

172 ITR 321) (SC), Hon'ble Punjab & Haryana High Court in the case of CIT vs. Eqbal Inn & Hotels Ltd., Hon'ble Madras High Court in the case of CIT vs. I. P. India Pvt. Ltd. (343 ITR 0353), CIT vs. Rugmini Ram Ragav Spinners Pvt. Ltd. (304 ITR 0417) broadly point out that such transactions between the sister concerns

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