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35 results for “penalty u/s 271”+ Section 40A(2)(b)clear

Sorted by relevance

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Key Topics

Section 37(1)53Section 271D41Section 40A(2)39Section 143(3)21Disallowance15Section 133A13Survey u/s 133A13Section 13211Section 153A

DY.CIT, CIRCLE-1(2),, HYDERABAD vs. M/S DEEPIKA INFRATECH PVT LTD.,, HYDERABAD

In the result, appeal in ITA No

ITA 1156/HYD/2014[2009-10]Status: DisposedITAT Hyderabad12 Jan 2018AY 2009-10

Bench: Smt P. Madhavi Devi & Shri S. Rifaur Rahman

For Appellant: Shri A.V. RaghuramFor Respondent: Shri J. Siri Kumar
Section 133ASection 143(3)Section 271(1)(c)

b. Disallowance of hire charges on tractors u/s 40(a)(ia) Rs. 50,85,000/- c. Disallowance of sundry creditors Rs. 2,43,36,140/- d. Unexplained credits Rs. 1,31,50,000/- e. Disallowance of unexplained expenditure Rs. 3,25,000/- No appeal was filed against the quantum assessment order. Thereafter, AO initiated penalty proceedings u/s 271

DEEPIKA INFRATECH PVT.LTD., HYD,HYDERABAD vs. ACIT, CIRCLE-1(2), HYDERABAD, HYDERABAD

Showing 1–20 of 35 · Page 1 of 2

11
Search & Seizure11
Addition to Income11
Penalty9

In the result, appeal in ITA No

ITA 76/HYD/2016[2009-10]Status: DisposedITAT Hyderabad12 Jan 2018AY 2009-10

Bench: Smt P. Madhavi Devi & Shri S. Rifaur Rahman

For Appellant: Shri A.V. RaghuramFor Respondent: Shri J. Siri Kumar
Section 133ASection 143(3)Section 271(1)(c)

b. Disallowance of hire charges on tractors u/s 40(a)(ia) Rs. 50,85,000/- c. Disallowance of sundry creditors Rs. 2,43,36,140/- d. Unexplained credits Rs. 1,31,50,000/- e. Disallowance of unexplained expenditure Rs. 3,25,000/- No appeal was filed against the quantum assessment order. Thereafter, AO initiated penalty proceedings u/s 271

M/S DEEPIKA INFRATECH PVT LTD.,,HYDERABAD vs. ACIT, CIRCLE 1(2), HYDERABAD

In the result, appeal in ITA No

ITA 1155/HYD/2014[2009-10]Status: DisposedITAT Hyderabad12 Jan 2018AY 2009-10

Bench: Smt P. Madhavi Devi & Shri S. Rifaur Rahman

For Appellant: Shri A.V. RaghuramFor Respondent: Shri J. Siri Kumar
Section 133ASection 143(3)Section 271(1)(c)

b. Disallowance of hire charges on tractors u/s 40(a)(ia) Rs. 50,85,000/- c. Disallowance of sundry creditors Rs. 2,43,36,140/- d. Unexplained credits Rs. 1,31,50,000/- e. Disallowance of unexplained expenditure Rs. 3,25,000/- No appeal was filed against the quantum assessment order. Thereafter, AO initiated penalty proceedings u/s 271

DEMI REALTORS,HYDERABAD vs. DCIT, CIRCLE-6(1), HYDERABAD

In the result, the appeal of the assessee is partly allowed for statistical purposes on the above terms

ITA 156/HYD/2023[2008-09]Status: DisposedITAT Hyderabad05 Feb 2024AY 2008-09

Bench: Shri R.K. Panda & Shri Laliet Kumar

For Respondent: Ms. T. Vijaya Lakhsmi, CIT-DR
Section 143(3)Section 37(1)Section 40Section 40A(3)Section 40a

penalty u/s 234B of the Act by observing that the cash seized should have been adjusted against the self assessment tax payable with the return of income. Thus, considering the totality of facts and circumstances of the case, we hold that interest charged u/s 234B of the Act in the peculiar facts and circumstances of the present case, deserves

SPECTRA EQUIPMENT PRIVATE LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD 3(1),, HYDERABAD

In the result, the appeal of the assessee is dismissed

ITA 500/HYD/2023[Assessment Year 2017-18]Status: DisposedITAT Hyderabad18 Dec 2024

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdiaassessment Year: 2017-18 Spectra Equipment Private Vs. The Income Tax Officer, Ward 3(1), Limited, Hyderabad. Hyderabad. Pan No.Aaccs8677C. (Appellant) (Respondent) Assessee By: Ms. Akanksha, C.A. For Shri Sunil Kumar Jain, C.A. Revenue By: Ms. Narmada, Cit-Dr For Shri Madan Mohan Meena, Sr.D.R. Date Of Hearing: 11.12.2024 Date Of Pronouncement: 18.12.2024

For Appellant: Ms. Akanksha, C.AFor Respondent: Ms. Narmada, CIT-DR for Shri Madan Mohan Meena
Section 115BSection 131Section 133(6)Section 143(1)Section 143(3)Section 68

B”, HYDERABAD BEFORE SHRI LALIET KUMAR, JUDICIAL MEMBER AND SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER Assessment Year: 2017-18 Spectra Equipment Private Vs. The Income Tax Officer, Ward 3(1), Limited, Hyderabad. Hyderabad. PAN No.AACCS8677C. (Appellant) (Respondent) Assessee by: Ms. Akanksha, C.A. for Shri Sunil Kumar Jain, C.A. Revenue by: Ms. Narmada, CIT-DR for Shri Madan Mohan Meena, Sr.D.R. Date

M/S ELEM INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

ITA 589/HYD/2006[2002-03]Status: DisposedITAT Hyderabad03 Aug 2018AY 2002-03

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 589/Hyd/06 2002-03 M/s. Elem Asst. 731/Hyd/06 2003-04 Investments Pvt Ltd., Commissioner of HYDERABAD Income Tax, [PAN: AAACE4370L] Central Circle-1, HYDERABAD 617/Hyd/08 2004-05 121/Hyd/10 2005-06 For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik, DR Date of Hearing : 13-07-2018 Date of Pronouncement

M/S ELEM INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

ITA 617/HYD/2008[2004-05]Status: DisposedITAT Hyderabad03 Aug 2018AY 2004-05

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 589/Hyd/06 2002-03 M/s. Elem Asst. 731/Hyd/06 2003-04 Investments Pvt Ltd., Commissioner of HYDERABAD Income Tax, [PAN: AAACE4370L] Central Circle-1, HYDERABAD 617/Hyd/08 2004-05 121/Hyd/10 2005-06 For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik, DR Date of Hearing : 13-07-2018 Date of Pronouncement

M/S ELEM INVESTMENT(P)LIMITED,HYDERABAD vs. THE DICT, HYDERABAD

In the result, appeal of assessee for AY

ITA 121/HYD/2010[2005-06]Status: DisposedITAT Hyderabad03 Aug 2018AY 2005-06

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 589/Hyd/06 2002-03 M/s. Elem Asst. 731/Hyd/06 2003-04 Investments Pvt Ltd., Commissioner of HYDERABAD Income Tax, [PAN: AAACE4370L] Central Circle-1, HYDERABAD 617/Hyd/08 2004-05 121/Hyd/10 2005-06 For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik, DR Date of Hearing : 13-07-2018 Date of Pronouncement

M/S ELEM INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

ITA 731/HYD/2006[2003-04]Status: DisposedITAT Hyderabad03 Aug 2018AY 2003-04

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 589/Hyd/06 2002-03 M/s. Elem Asst. 731/Hyd/06 2003-04 Investments Pvt Ltd., Commissioner of HYDERABAD Income Tax, [PAN: AAACE4370L] Central Circle-1, HYDERABAD 617/Hyd/08 2004-05 121/Hyd/10 2005-06 For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik, DR Date of Hearing : 13-07-2018 Date of Pronouncement

M/S HIGHGRACE INVESTMENTS PVT LTD,HYDERABAD vs. DCIT, HYDERABAD

In the result, appeal of assessee for AY

ITA 114/HYD/2010[2005-06]Status: DisposedITAT Hyderabad03 Aug 2018AY 2005-06

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 590/Hyd/06 2002-03 Asst. Commissioner of Income Tax, 733/Hyd/06 2003-04 Central Circle-1, M/s. Highgrace HYDERABAD Investments Pvt Ltd., HYDERABAD 619/Hyd/08 2004-05 [PAN: AAACH5018G] Deputy 114/Hyd/10 2005-06 Commissioner of Income Tax, Central Circle-1, HYDERABAD For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik

M/S HIGHGRACE INVESTEMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

ITA 590/HYD/2006[2002-03]Status: DisposedITAT Hyderabad03 Aug 2018AY 2002-03

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 590/Hyd/06 2002-03 Asst. Commissioner of Income Tax, 733/Hyd/06 2003-04 Central Circle-1, M/s. Highgrace HYDERABAD Investments Pvt Ltd., HYDERABAD 619/Hyd/08 2004-05 [PAN: AAACH5018G] Deputy 114/Hyd/10 2005-06 Commissioner of Income Tax, Central Circle-1, HYDERABAD For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik

M/S HIGH GRACE INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

ITA 619/HYD/2008[2004-05]Status: DisposedITAT Hyderabad03 Aug 2018AY 2004-05

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 590/Hyd/06 2002-03 Asst. Commissioner of Income Tax, 733/Hyd/06 2003-04 Central Circle-1, M/s. Highgrace HYDERABAD Investments Pvt Ltd., HYDERABAD 619/Hyd/08 2004-05 [PAN: AAACH5018G] Deputy 114/Hyd/10 2005-06 Commissioner of Income Tax, Central Circle-1, HYDERABAD For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik

M/S HIGHGRACE INVESTEMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

ITA 733/HYD/2006[2003-04]Status: DisposedITAT Hyderabad03 Aug 2018AY 2003-04

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 590/Hyd/06 2002-03 Asst. Commissioner of Income Tax, 733/Hyd/06 2003-04 Central Circle-1, M/s. Highgrace HYDERABAD Investments Pvt Ltd., HYDERABAD 619/Hyd/08 2004-05 [PAN: AAACH5018G] Deputy 114/Hyd/10 2005-06 Commissioner of Income Tax, Central Circle-1, HYDERABAD For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik

M/S VECYES INVESTEMENT PVT LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, the appeal of assessee is partly allowed

ITA 588/HYD/2006[2002-03]Status: DisposedITAT Hyderabad03 Aug 2018AY 2002-03

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiah

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, A.M. : This is an appeal by assessee against the order of the Commissioner of Income Tax (Appeals)-1, Hyderabad, dated 31-03-2006. Originally, this appeal was disposed of by an ex- parte order as assessee has not appeared and later by way of Miscellaneous Application, the appeal has been recalled. The issues in this appeal are with

M/S FINCITY INVESTMENTS PVT LTD,HYDERABAD vs. DCIT, HYDERABAD

In the result, appeal of assessee for AY

ITA 119/HYD/2010[2005-06]Status: DisposedITAT Hyderabad03 Aug 2018AY 2005-06

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiah

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 591/Hyd/06 2002-03 Asst. Commissioner of Income Tax, 732/Hyd/06 2003-04 Central Circle-1, M/s. Fincity HYDERABAD Investments Pvt Ltd., 616/Hyd/08 2004-05 HYDERABAD [PAN: AAACF3011D] Deputy 119/Hyd/10 2005-06 Commissioner of Income Tax, Central Circle-1, HYDERABAD For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik

M/S FINCITY INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

ITA 732/HYD/2006[2003-04]Status: DisposedITAT Hyderabad03 Aug 2018AY 2003-04

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiah

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 591/Hyd/06 2002-03 Asst. Commissioner of Income Tax, 732/Hyd/06 2003-04 Central Circle-1, M/s. Fincity HYDERABAD Investments Pvt Ltd., 616/Hyd/08 2004-05 HYDERABAD [PAN: AAACF3011D] Deputy 119/Hyd/10 2005-06 Commissioner of Income Tax, Central Circle-1, HYDERABAD For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik

M/S FINCITY INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

ITA 591/HYD/2006[2002-03]Status: DisposedITAT Hyderabad03 Aug 2018AY 2002-03

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiah

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 591/Hyd/06 2002-03 Asst. Commissioner of Income Tax, 732/Hyd/06 2003-04 Central Circle-1, M/s. Fincity HYDERABAD Investments Pvt Ltd., 616/Hyd/08 2004-05 HYDERABAD [PAN: AAACF3011D] Deputy 119/Hyd/10 2005-06 Commissioner of Income Tax, Central Circle-1, HYDERABAD For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik

M/S FINCITY INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

ITA 616/HYD/2008[2004-05]Status: DisposedITAT Hyderabad03 Aug 2018AY 2004-05

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiah

For Appellant: Shri K.C. Devdas, ARFor Respondent: Smt. Suman Malik, DR
Section 37(1)Section 40A(2)

B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 591/Hyd/06 2002-03 Asst. Commissioner of Income Tax, 732/Hyd/06 2003-04 Central Circle-1, M/s. Fincity HYDERABAD Investments Pvt Ltd., 616/Hyd/08 2004-05 HYDERABAD [PAN: AAACF3011D] Deputy 119/Hyd/10 2005-06 Commissioner of Income Tax, Central Circle-1, HYDERABAD For Assessee : Shri K.C. Devdas, AR For Revenue : Smt. Suman Malik

BS LIMITED,HYDERABAD vs. ASST.COMISSIONER OF INCOME TAX, CIRCLE-2(3), HYDERABAD

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

ITA 2186/HYD/2017[2013-14]Status: DisposedITAT Hyderabad27 Apr 2018AY 2013-14

Bench: Shri D. Manmohan & Shri S. Rifaur Rahmanassessment Year: 2013-14

For Appellant: Shri P. Murali Mohan RaoFor Respondent: Shri Deepak P. Ripote
Section 132Section 133(6)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 92B

271. By issuing such notices, the assessment order becomes final. Various courts have held that such assessment orders to be null and void ab- initio. We have carefully considered the submission and case laws relied. In all the case laws relied on by the assessee, the common mistake made by the AO in those assessments were that AO passed

NIMMATOORI YASHODA,HYDERABAD vs. DCIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, appeal of the assessee is allowed

ITA 602/HYD/2025[2017-18]Status: DisposedITAT Hyderabad10 Sept 2025AY 2017-18

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

For Appellant: CA, P. Murali Mohan RaoFor Respondent: Sri Siva Prasad SV, Sr. AR
Section 143(3)Section 269Section 271Section 271DSection 271D(2)Section 273B

271, a proper satisfaction must be recorded to initiate penalty proceedings u/s 271D instead of a mere statement given by the AO in his order dated 21.12.2019. 9. a . The Ld. CIT(A) erred in dismissing ground nos. 11,12,13 & 15 taken before him. b. Without prejudice to other grounds, the Ld. CIT(A) ought to have appreciated that