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5 results for “penalty u/s 271”+ Section 14Aclear

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Key Topics

Section 271(1)(c)12Section 14A4Section 684Penalty4Disallowance4Section 143(3)3Addition to Income3Natural Justice3Section 271(1)2Section 115J

TURNING POINT ESTATES P LTD ,INDORE vs. THE ACIT 5(1), INDORE

In the result, appeal of the assessee is allowed

ITA 354/IND/2022[2012-13]Status: DisposedITAT Indore10 Apr 2023AY 2012-13

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniturning Point Estates Pvt. Ltd. Acit 5(1) 6Th Floor, Treasure Island, 11 Indore Vs Tukoganj Main Road . Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aacct 7457 R Assessee By Shri Manjeet Sachdeva & Avinash Gaur, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 05.04.2023 Date Of Pronouncement 10.04.2023

Section 271(1)(c)

u/s 271(1)(c) of the Act against the disallowance of expenses held in para 8 to 10 as under: Page 5 of 9 Turning Point Estates P. Ltd. Page 6 of 9 8. Therefore, it is obvious that it must be shown that the conditions under Section 271(1)(c) must exist before the penalty is imposed. There

M/S. FLEXITUFF INTERNATIONAL LTD.,DHAR vs. DY. CIT 1(1), INDORE

In the result, Assessee’s appeal ITANo

ITA 512/IND/2019[2012-13]Status: DisposedITAT Indore
2
30 Nov 2021
AY 2012-13

Bench: Shri Mahavir Prasad & Shri Manish Boradvirtual Hearing Assessment Year: 2012-13

Section 115JSection 11SSection 143(3)Section 14ASection 271Section 271(1)Section 271(1)(c)

section 271(1)(c ) of the Income tax ct. 03.That the learned Commissioner of Income tax ( appeals) has erred in confirming the penalty on the fact that the ground of appeal in respect disallowance of insert on income tax on which penalty is levied was taken in quantum app al and no submission was made but failed to appreciate that

SHRI MANJIT SINGH BHATAI,INDORE vs. THE JCIT RANGE-3, INDORE

In the result, both the appeals of the assessee are allowed for

ITA 242/IND/2023[2010-2011]Status: DisposedITAT Indore26 Oct 2023AY 2010-2011

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani

Section 143(3)Section 14ASection 271(1)(c)Section 68

Section 250(6) of the Income-tax Act, 1961. Accordingly, the impugned order of the Ld. CIT(A) is set-aside and the matter is remanded to the record of the Ld. CIT(A) for deciding the same afresh on merit after giving appropriate opportunity of hearing to the assessee. 8. In the appeal arising from penalty u/s 271

SHRI MANJIT SINGH BHATAI,INDORE vs. THE JCIT RANGE-3, INDORE

In the result, both the appeals of the assessee are allowed for

ITA 243/IND/2023[2012-13]Status: DisposedITAT Indore26 Oct 2023AY 2012-13

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani

Section 143(3)Section 14ASection 271(1)(c)Section 68

Section 250(6) of the Income-tax Act, 1961. Accordingly, the impugned order of the Ld. CIT(A) is set-aside and the matter is remanded to the record of the Ld. CIT(A) for deciding the same afresh on merit after giving appropriate opportunity of hearing to the assessee. 8. In the appeal arising from penalty u/s 271

M/S M.B.INDUSTRIES P LTD,INDORE vs. THE ACIT 3 (1), INDORE

In the result, appeal of the assessee is partly allowed

ITA 241/IND/2023[2012-13]Status: DisposedITAT Indore19 Dec 2023AY 2012-13

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. M.B Industries Private Acit 3(1) Ltd. Indore Plot No.27 & 33, Sector-A, Sanwer Road, Vs. Industrial Area, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Achpp2073R Assessee By Shri A.K. Garg & Arpit Gaur, Ars Revenue By Shri Harshit Bari, Sr. Dr Date Of Hearing 31.10.2023 Date Of Pronouncement 19.12.2023

Section 14A

14A of the Income-Tax Act, 1961 out of the interest claimed by the appellant..” 2. Ground no.1 & 2 are regarding the addition made by the AO on account of grant-in-aid of Rs.25,00,000/- received by the assessee from Ministry of Food Processing Industries Government of India by treating the same as revenue in nature. The assessee