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3 results for “section 68”+ Section 273Bclear

Sorted by relevance

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Key Topics

Section 269S8Section 271D4Addition to Income3Section 1322Section 402Penalty2Search & 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

273B, a judicial discretion is left with the Assessing Authority not to levy a penalty under section 271D if the authority is satisfied that there was a reasonable cause for not complying with the provisions of section 269SS. It was further held that, in the present case, the Tribunal had found that the assessee was an exporter

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 Cuttack
18 Sept 2024
AY 2012-13
Section 132Section 269SSection 271D

273B, a judicial discretion is left with the Assessing Authority not to levy a penalty under section 271D if the authority is satisfied that there was a reasonable cause for not complying with the provisions of section 269SS. It was further held that, in the present case, the Tribunal had found that the assessee was an exporter

KISHAN MOTORS,BHUBANESWAR vs. ITO, WARD-4(3), BHUBANESWAR

In the result, appeal in ITA No

ITA 169/CTK/2018[2014-15]Status: DisposedITAT Cuttack24 Jan 2020AY 2014-15

Bench: Shri Chandra Mohan Garg & Laxmi Prasad Sahu

For Appellant: Shri S.K.Agarwal, ARFor Respondent: Shri J.K.Lenka, DR
Section 143(3)Section 40Section 43B

68 of the Act considering the same as income of the assessee. However, the ld CIT(A) confirmed the penalty of balance amount of Rs.6,18,840/-. 27. We have heard the rival submissions and perused the record of the case. Ld counsel for the assessee submitted that the assessee has accepted the cash loan of Rs.3,18,840/- from