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10 results for “penalty u/s 271”+ Section 197clear

Sorted by relevance

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Key Topics

Section 15822Section 271(1)(c)11Penalty8Section 143(3)7Section 1325Section 153A5Cash Deposit5Addition to Income5Search & Seizure

A.V.K. VISWANADHA RAJU,,HYDERABAD vs. ITO, WARD-6(2), HYDERABAD, HYDERABAD

In the result, assessee’s appeal is allowed

ITA 146/HYD/2016[2004-05]Status: DisposedITAT Hyderabad24 Jan 2018AY 2004-05

Bench: Smt P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2004-05 Avk Viswanadha Raju, Vs. Income-Tax Officer, Hyderabad. Ward – 6(2), Hyderabad

For Appellant: Shri V. Raghavendra RaoFor Respondent: Smt. M. Narmada
Section 133ASection 271(1)(c)Section 69

197 ITR 232 and Biland Ram Hargen Das Vs. CIT (All) 171 ITR 390 where in it was held that where a survey was conducted and certain erroneous entries are noticed and assessee agreed to the assessment, imposition of penalty is held to be valid. These cases are very much applicable to the present case and penalty is exigible

NANDAN CLEANTEC LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-3(3), HYDERABAD

5
Section 104
Section 1474
Section 143(2)4

In the result, appeals filed by the respective assessees are partly allowed and the appeal filed by the Revenue is dismissed

ITA 516/HYD/2020[2016-17]Status: DisposedITAT Hyderabad28 Apr 2023AY 2016-17

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

For Appellant: Shri Pawan Kumar Chakrapani, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT (DR)
Section 132Section 143(3)Section 153ASection 271(1)(c)

197/-. Subsequently, a search and seizure action u/s 132 of the I.T. Act was conducted in the case of the assessee and its Directors Sri Moturi Srinivas Prasad and Shri Volam Bhaskar Rao on 20.09.2017. In response to notice u/s 153A of the Act issued on 10.05.2018, the assessee filed its return of income on 13.12.2018 declaring total income

NANDAN CLEANTEC LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-3(3), HYDERABAD

In the result, appeals filed by the respective assessees are partly allowed and the appeal filed by the Revenue is dismissed

ITA 515/HYD/2020[2013-14]Status: DisposedITAT Hyderabad28 Apr 2023AY 2013-14

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

For Appellant: Shri Pawan Kumar Chakrapani, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT (DR)
Section 132Section 143(3)Section 153ASection 271(1)(c)

197/-. Subsequently, a search and seizure action u/s 132 of the I.T. Act was conducted in the case of the assessee and its Directors Sri Moturi Srinivas Prasad and Shri Volam Bhaskar Rao on 20.09.2017. In response to notice u/s 153A of the Act issued on 10.05.2018, the assessee filed its return of income on 13.12.2018 declaring total income

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(3), HYDERABAD vs. REJUVENTING APPROACHES PRIVATE LIMITED , HYDERABAD

In the result, appeals filed by the respective assessees are partly allowed and the appeal filed by the Revenue is dismissed

ITA 558/HYD/2020[2013-14]Status: DisposedITAT Hyderabad28 Apr 2023AY 2013-14

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

For Appellant: Shri Pawan Kumar Chakrapani, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT (DR)
Section 132Section 143(3)Section 153ASection 271(1)(c)

197/-. Subsequently, a search and seizure action u/s 132 of the I.T. Act was conducted in the case of the assessee and its Directors Sri Moturi Srinivas Prasad and Shri Volam Bhaskar Rao on 20.09.2017. In response to notice u/s 153A of the Act issued on 10.05.2018, the assessee filed its return of income on 13.12.2018 declaring total income

NANDAN CLEANTEC LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-3(3), HYDERABAD

In the result, appeals filed by the respective assessees are partly allowed and the appeal filed by the Revenue is dismissed

ITA 514/HYD/2020[2012-13]Status: DisposedITAT Hyderabad28 Apr 2023AY 2012-13

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

For Appellant: Shri Pawan Kumar Chakrapani, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT (DR)
Section 132Section 143(3)Section 153ASection 271(1)(c)

197/-. Subsequently, a search and seizure action u/s 132 of the I.T. Act was conducted in the case of the assessee and its Directors Sri Moturi Srinivas Prasad and Shri Volam Bhaskar Rao on 20.09.2017. In response to notice u/s 153A of the Act issued on 10.05.2018, the assessee filed its return of income on 13.12.2018 declaring total income

NANDAN CLEANTEC LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-3(3), HYDERABAD

In the result, appeals filed by the respective assessees are partly allowed and the appeal filed by the Revenue is dismissed

ITA 517/HYD/2020[2017-18]Status: DisposedITAT Hyderabad28 Apr 2023AY 2017-18

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

For Appellant: Shri Pawan Kumar Chakrapani, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT (DR)
Section 132Section 143(3)Section 153ASection 271(1)(c)

197/-. Subsequently, a search and seizure action u/s 132 of the I.T. Act was conducted in the case of the assessee and its Directors Sri Moturi Srinivas Prasad and Shri Volam Bhaskar Rao on 20.09.2017. In response to notice u/s 153A of the Act issued on 10.05.2018, the assessee filed its return of income on 13.12.2018 declaring total income

INDRANI PRASAD ,NEW DELHI vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, HYDERABAD

In the result, the appeal is treated as allowed”

ITA 409/HYD/2020[2010-11]Status: DisposedITAT Hyderabad21 Mar 2022AY 2010-11

Bench: Shri A.M. Alankamony & Shri S.S. Godara

For Appellant: Sri P. Murali Mohan Rao, CAFor Respondent: Sri K.Madhusudan, CIT(DR)
Section 113Section 142Section 143(2)Section 143(3)Section 158Section 271

271 (l)(G), 271A and 2718. Section 158 BFA provides [or levy of interest and penalty in cases of search on .or after January 1, 1997. Section 158 BO specifies the authorities competent to make the block assessment. Section 158 BH provides for application of all the other provisions of this Act, except those as provided in Chapter

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. INDRANI PRASAD , NEW DELHI

In the result, the appeal is treated as allowed”

ITA 467/HYD/2020[2010-11]Status: DisposedITAT Hyderabad21 Mar 2022AY 2010-11

Bench: Shri A.M. Alankamony & Shri S.S. Godara

For Appellant: Sri P. Murali Mohan Rao, CAFor Respondent: Sri K.Madhusudan, CIT(DR)
Section 113Section 142Section 143(2)Section 143(3)Section 158Section 271

271 (l)(G), 271A and 2718. Section 158 BFA provides [or levy of interest and penalty in cases of search on .or after January 1, 1997. Section 158 BO specifies the authorities competent to make the block assessment. Section 158 BH provides for application of all the other provisions of this Act, except those as provided in Chapter

ACIT,CIRCLE-16(3),, HYDERABAD vs. M/S PRAGATI GREEN MEADOWS AND RESORTS PRIVATE LIMITED,, HYDERABAD

In the result, the appeal filed by the assessee is allowed and the appeal filed by the Revenue is dismissed

ITA 265/HYD/2013[2007-08]Status: DisposedITAT Hyderabad30 Aug 2023AY 2007-08

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

For Appellant: Sri P. Murali Mohan Rao, C.AFor Respondent: Ms. Sheetal Sarin, Sr. A.R
Section 10Section 143(1)Section 147

penalty proceedings u/s. 271(l) (c) are not to be initiated. 7. In this result, this appeal is allowed. 10. Aggrieved with such order of the learned CIT(A), the Revenue is in appeal before us by raising the following ground : “The learned CIT(A) erred in deleting the disallowance of interest on borrowed funds of Rs.66

M/S PRAGATHI GREEN MEADOWS & RESORTS PVT LTD.,,HYDERABAD vs. ACIT, CIRCLE 16(3), HYDERABAD

In the result, the appeal filed by the assessee is allowed and the appeal filed by the Revenue is dismissed

ITA 188/HYD/2014[2007-08]Status: DisposedITAT Hyderabad30 Aug 2023AY 2007-08

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

For Appellant: Sri P. Murali Mohan Rao, C.AFor Respondent: Ms. Sheetal Sarin, Sr. A.R
Section 10Section 143(1)Section 147

penalty proceedings u/s. 271(l) (c) are not to be initiated. 7. In this result, this appeal is allowed. 10. Aggrieved with such order of the learned CIT(A), the Revenue is in appeal before us by raising the following ground : “The learned CIT(A) erred in deleting the disallowance of interest on borrowed funds of Rs.66