ACIT, NEW DELHI vs. SH. SATVINDER SINGH WADHAWAN, NEW DELHI

In the result, the Revenue’s appeal No

Bench: Sh. H.S. Sidhu & Shri B.R.R. Kumar

271E if there was a reasonable cause. As per section 273B of the IT Act, 1961 no penalty shall be levied if the failure to comply with the provisions of section 269SS or 269T is due to some reasonable cause. Now the question arises as to what can be a reasonable cause to justify the violation

ACIT, NEW DELHI vs. SH. SATVINDER SINGH WASHAWAN, NEW DELHI

In the result, the Revenue’s appeal No

Bench: Sh. H.S. Sidhu & Shri B.R.R. Kumar

271E if there was a reasonable cause. As per section 273B of the IT Act, 1961 no penalty shall be levied if the failure to comply with the provisions of section 269SS or 269T is due to some reasonable cause. Now the question arises as to what can be a reasonable cause to justify the violation

BALWAN SINGH,DELHI vs. ACIT RANGE-21(1), NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Saktijit Dey & Shri Pradip Kumar Kedia

Sections 271D and 271E of the Act before the CIT(A). The CIT(A) however dismissed the appeal of the assessee and confirmed the action of the Assessing Officer. 3. Being aggrieved, the assessee preferred appeal before the Tribunal. 4. When the matter was called for hearing, ld. counsel for the assessee submitted at the outset that assessee

COMMISSIONER INCOME TAX-V vs. NIPUAN AUTO PVT LTD

The appeal is dismissed

Bench: The Commissioner Of Income-Tax (Appeals) Who Had Substantially Allowed The Appeal Of The Assessee. In So Far As 2013:Dhc:2197-Db

271E of the said Act for the alleged violation of sections 269SS and 269TT. 8. The Income Tax Appellate Tribunal examined the order passed by the Commissioner of Income-tax (Appeals) and concurred with the views taken by him. We also find no reason to take a different view. In any event, no substantial question of law arises

COMMISSIONER INCOME TAX-V vs. NIPUAN AUTO PVT LTD

The appeal is dismissed

Bench: The Commissioner Of Income-Tax (Appeals) Who Had Substantially Allowed The Appeal Of The Assessee. In So Far As 2013:Dhc:2197-Db

271E of the said Act for the alleged violation of sections 269SS and 269TT. 8. The Income Tax Appellate Tribunal examined the order passed by the Commissioner of Income-tax (Appeals) and concurred with the views taken by him. We also find no reason to take a different view. In any event, no substantial question of law arises

DCIT, CENTRAL CIRCLE-1, GURUGRAM vs. PLATINUM TOWERS P.LTD, NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Sh. C. N. Prasaddr. B. R. R. Kumar

68 of the Act, whether the initiation of proceedings u/s 269SS r.w.s 271D of the Act is valid? 23. On these facts, the Hon'ble High Court observed as under: "6. Mr. Kochar, learned counsel for the assessee, submitted that the said question does not arise in the case at hand in as much as both the Commissioner of Income

DCIT, CENTRAL CIRCLE-1, GURUGRAM vs. DEEPAK KUMAR, GURGAON

In the result, the appeal of the revenue is dismissed

Bench: Shri Chandra Mohan Garg & Shri Pradip Kumar Kediaassessment Year: 2016-17 The Dcit, Central Circle-1, Gurugram, Deepak Kumar, Haryana 122016 H.No. 13/2, Dlf Phase-1, Lower Vs. Ground Floor, Gurugram, Haryana Pan Aaapk 4112 D (Appellant) (Respondent) For Revenue : Shri T. James Singson, Cit(Dr) For Assessee : Shri Parikshit Aggarwal, Ca Date Of Hearing : 11.05.2023 Date Of Pronouncement : 13.06.2023 Order Per Chandra Mohan Garg, J.M. This Appeal Has Been Filed Against The Order Of Cit(A)-34, New Delhi Dated 27.06.2019 For Ay 2012-13. 2. The Grounds Of Appeal Raised By The Revenue Are As Follows:- I) Whether On The Facts & In The Circumstances Of The Case, The Ld. Cit(4) Has Erred In Deleting The Penalty Us 271D Of The Act Relying On The Order Of The Hon 'Ble

68 of the Act, whether the initiation of proceedings us 269SS r.w.s 271D of the Act is valid? 23. On these facts, the Hon'ble High Court observed as under: "6. Mr. Kochar, learned counsel for the assessee, submitted that the said question does not arise in the case at hand inasmuch as both the Commissioner of Income-tax (Appeals

ACIT, CIRCLE-11(2), NEW DELHI vs. HI QUALITY FOOD & BEVERAGES PVT. LTD., NEW DELHI

In the result, the appeal of the Revenue is allowed for statistical purposes

Section 271E of the Act. The AO is directed to take necessary action in this regard. 6.6 Lender 2 - Sh. Virender Kumar Soni - Rs. 3,68

JAGDISH PRASHAD GUPTA,MUZAFFARNAGAR vs. JCIT RANGE 1(1), MUZAFFARNAGAR

In the result, the appeal of the assessee is allowed

Bench: Shri S. Rifaur Rahman & Shri Vimal Kumarassessment Year : 2017-18 Shri Jagdish Prashad Gupta, Vs. Jcit, 580/227, Bhartiya Colony, Range 1(1), New Mandi, Muzaffarnagar. Muzaffarnagar, Uttar Pradesh – 251 001. Pan: Ahbpg9897R (Appellant) (Respondent) Assessee By : Ms Shweta Bansal, Ca Revenue By : Shri Om Parkash, Sr. Dr Date Of Hearing : 29.10.2025 Date Of Pronouncement : 23.12.2025

68 of the Act as creditors' authenticity was not questioned, in such circumstances, penalties under sections 271D and 271E

DCIT, NEW DELHI vs. MRS. MAHAGUN INDIA PVT. LTD., NEW DELHI

In the result, the appeal of the Department is dismissed

Bench: Sh. N. K. Saini, Am & Sh. Amit Shukla, Jm Assessment Years : 2008-09

section 271E of the Income Tax Act, 1961. Before proceeding further, it is considered necessary transactions of repayment of loan as appearing in the pages referred by the Assessing Officer. 4 Date Narration of loan re- Amount Reference & payment A Y 14.11.2007 Transfer to Akash 4,96,130 A-20/40 in International AY 08-09 09.02.2008 To cash

DCIT, NEW DELHI vs. M/S. THAPAR HOMER LTD., NEW DELHI

Bench: Ms Suchitra Kamble & Sh. Prashant Maharishi

271E was initiated, no addition can be made u/s 68 of the Act. 8. On the facts & circumstances of the case the CIT(A) has erred in deleting the addition of Rs. 16,09,007/- out of addition of Rs. 16,72,902/- made by AO on account of interest income. 9. On the facts & circumstances of the case

DCIT, NEW DELHI vs. M/S. THAPAR HOMER LTD., NEW DELHI

Bench: Ms Suchitra Kamble & Sh. Prashant Maharishi

271E was initiated, no addition can be made u/s 68 of the Act. 8. On the facts & circumstances of the case the CIT(A) has erred in deleting the addition of Rs. 16,09,007/- out of addition of Rs. 16,72,902/- made by AO on account of interest income. 9. On the facts & circumstances of the case

SH. DEEPAK MINDA,NEW DELHI vs. ADDL.CIT, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri J. Sudhakar Reddy & Sh. Sudhanshu Srivastavaay: 2005-06 Deepak Minda, Vs Additional Cit, A-67/2, G.T. Karnal Road, Range 20, Delhi-110052 New Delhi. (Pan: Aadpm6422B) (Appellant) (Respondent) Appellant By : Shri Rakesh Gupta, Adv. Shri Somil Aggarwal, Adv. Respondent By : Shri P. Dankanunjna, Sr. Ld. Dr Date Of Hearing: 21.12.2015 Date Of Pronouncement: 14.03.2016

271E r.w.s 274 of the Income Tax Act, 1961 was levied upon the assessee wherein on facts the assessee had been found in assessment proceedings u/s 147/148 to have repaid a loan of Rs. 13 lacs to Sh. Harish Bindal & Tarun Bindal in cash. The levy of penalty was challenged unsuccessfully in appeal before the CIT (A) on I.T.A. 6728/Del/2014

SH. P.C. MINDA,NEW DELHI vs. ADDL.CIT, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Smt Diva Singh

271E r.w.s 274 of the Income Tax Act, 1961 was levied upon the assessee wherein on facts the assessee had been found in assessment proceedings u/s 147/148 to have repaid a loan of Rs. 6 lacs to Sh. Harish Bindal & Tarun Bindal in cash. The levy of penalty was challenged unsuccessfully in appeal before the CIT(A) on various grounds

COMMISSIONER OF INCOME TAX-III vs. M/S. SHRI SIDHDATA ISPAT (P) LTD.

68. Otherwise also the identity of the parties has been established beyond doubt and even their sources explained. The amount has been received towards share application money. Therefore no addition can be made in the hands of the appellant company. The AO may pass on the information about quantum of investment to the concerned AOs having jurisdiction over the investors

GEORGE KUTTY,NEW DELHI vs. DCIT, CIRCLE-13(1), NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Kul Bharat[Assessment Year : 2010-11] George Kutty, Vs Dcit, C/O-M/S. Oasis Tours India (P.) Circle-13(1), Ltd., C-40, Middle Circle, Dwarka New Delhi. Sadan, Connaught Place, New Delhi-110001. Pan-Aajpk4005H Appellant Respondent Appellant By Shri Manish Malik, Adv. Respondent By Shri Om Parkash, Sr.Dr Date Of Hearing 11.08.2022 Date Of Pronouncement 24.08.2022

68 of the Act. Further, the AO made addition of Rs.17,83,073/- on account of credit card payments. The AO also initiated penalty proceedings u/s 271(1)(c) of the Act and subsequently, the AO imposed penalty of Rs.6,00,232/- u/s 271(1)(c) of the Act. 3. Aggrieved against this, the assessee preferred appeal before Ld.CIT

HARISH KUMAR HUF,NEW DELHI vs. DCIT, CIRCLE-34(1), NEW DELHI

In the result, the appeal filed by the Assessee stands partly allowed

Bench: Shri H.S. Sidhu & Dr. B.R.R. Kumara.Y. : 2015-16

68,077/- on account of Interest from Savings Bank account and FDR. The assessee had also claimed exemption of Rs. 19,24,70,893/- u/s. 10 of the Act. Accordingly, the total income was declared at Rs. 35,29,470/- (rounded off u/s. 288A) in the return of income. 4.2 On perusal of the ITS details, it was observed that

ASIAN CLOUSERS LTD( SINCE AMALGAMATED WITH M/S ASIAN CONSOLIDATED INDS.LTD),REWARI vs. DCIT, CIRCLE-3(2), NEW DELHI

In the result, appeal of assessee in ITA No

Bench: Shri Anubhav Sharma & Shri Amitabh Shuklam/S Asian Closures Ltd. Vs. The Dy. C.I.T (Since Amalgamated With Asian Circle 3(2) Consolidated Industries Ltd.) C.R. Building, 96Th Mile, Delhi Jaipur I.P. Estate, Highway, Village Bawal, New Delhi Distt. Rewari, Haryana

271E of the Act is not only beyond the jurisdiction but contrary to the facts as per the records. Further the assessing officer is also not justified in initiating the penalty u/s 271(1)(c) of the Act. 13. That charging of the interest u/s 234B of the Act is highly excessive. Further charging of the interest for the period