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

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Key Topics

Section 271(1)(c)51Section 143(3)33Section 14A27Section 153A27Addition to Income27Section 6826Penalty25Section 271A17Disallowance17Section 132

THE DCIT-CENTRAL-2, INDORE vs. M/S. KALYAN TOLL INFRASTRUCTURE LTD., INDORE

In the result all the grounds raised by Revenue in the case of

ITA 878/IND/2019[2010-11]Status: DisposedITAT Indore23 Sept 2020AY 2010-11

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Boradassessment Year 2010-11

Section 132Section 132(4)Section 143(3)Section 153ASection 271(1)(c)Section 274Section 36

section 271(1)(c). (Ram Kumar Yadav) Dy. Commissioner of Income Tax (Central) Indore 19. From going through the above notice it is well evident that in the notice the specific charge/limb u/s 271(1)(c) of the Act was not mentioned. The Ld. A.O has not striked off one of the charge which is not relevant to the assessee

Showing 1–20 of 31 · Page 1 of 2

11
Section 27110
Survey u/s 133A5

THE DCIT (CENTRAL), INDORE vs. M/S KETI CONSTRUCTION (INDIA) LTD. , INDORE

In the result all the grounds raised by Revenue in the case of

ITA 877/IND/2019[2008-09]Status: DisposedITAT Indore23 Sept 2020AY 2008-09

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Boradassessment Year 2010-11

Section 132Section 132(4)Section 143(3)Section 153ASection 271(1)(c)Section 274Section 36

section 271(1)(c). (Ram Kumar Yadav) Dy. Commissioner of Income Tax (Central) Indore 19. From going through the above notice it is well evident that in the notice the specific charge/limb u/s 271(1)(c) of the Act was not mentioned. The Ld. A.O has not striked off one of the charge which is not relevant to the assessee

M/S INDUSTRIAL FILTERS & FABRICS PVT.LTD.,INDORE vs. THE JCIT, R-5 (PRESENT AO: DCIT 2(1), INDORE

In the result, the appeals filed by the assessee

ITA 961/IND/2016[2011-12]Status: DisposedITAT Indore23 Aug 2018AY 2011-12

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

14A vide para 5.11, the Assessing Officer has recorded as under: " Since inaccurate particulars of income furnished penalty proceedings u/s 27 J (J) (c ) are initiated for which notice is being given separately" That it may thus be seen that the Assessing Officer while recording satisfaction had clearly specified that the penalty ul s 271 (l)( c ) was being initiated

M/S INDUSTRIAL FILTERS AND FABRICS PVT. LTD.,INDORE vs. THE ACIT 5(1), INDORE

In the result, the appeals filed by the assessee

ITA 404/IND/2012[2007-08]Status: DisposedITAT Indore23 Aug 2018AY 2007-08

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

14A vide para 5.11, the Assessing Officer has recorded as under: " Since inaccurate particulars of income furnished penalty proceedings u/s 27 J (J) (c ) are initiated for which notice is being given separately" That it may thus be seen that the Assessing Officer while recording satisfaction had clearly specified that the penalty ul s 271 (l)( c ) was being initiated

M/S INDUSTRIAL FILTERS AND FABRICS PVT. LTD.,INDORE vs. THE ADDL. CIT- RANGE-5, INDORE

In the result, the appeals filed by the assessee

ITA 484/IND/2012[2008-09]Status: DisposedITAT Indore23 Aug 2018AY 2008-09

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

14A vide para 5.11, the Assessing Officer has recorded as under: " Since inaccurate particulars of income furnished penalty proceedings u/s 27 J (J) (c ) are initiated for which notice is being given separately" That it may thus be seen that the Assessing Officer while recording satisfaction had clearly specified that the penalty ul s 271 (l)( c ) was being initiated

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT 2(1), INDORE

In the result, the appeals filed by the assessee

ITA 753/IND/2016[2008-09]Status: DisposedITAT Indore23 Aug 2018AY 2008-09

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

14A vide para 5.11, the Assessing Officer has recorded as under: " Since inaccurate particulars of income furnished penalty proceedings u/s 27 J (J) (c ) are initiated for which notice is being given separately" That it may thus be seen that the Assessing Officer while recording satisfaction had clearly specified that the penalty ul s 271 (l)( c ) was being initiated

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT 2(1), INDORE

In the result, the appeals filed by the assessee

ITA 752/IND/2016[2007-08]Status: DisposedITAT Indore23 Aug 2018AY 2007-08

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

14A vide para 5.11, the Assessing Officer has recorded as under: " Since inaccurate particulars of income furnished penalty proceedings u/s 27 J (J) (c ) are initiated for which notice is being given separately" That it may thus be seen that the Assessing Officer while recording satisfaction had clearly specified that the penalty ul s 271 (l)( c ) was being initiated

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT-2(1), INDORE

In the result, the appeals filed by the assessee

ITA 293/IND/2016[2012-13]Status: DisposedITAT Indore23 Aug 2018AY 2012-13

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

14A vide para 5.11, the Assessing Officer has recorded as under: " Since inaccurate particulars of income furnished penalty proceedings u/s 27 J (J) (c ) are initiated for which notice is being given separately" That it may thus be seen that the Assessing Officer while recording satisfaction had clearly specified that the penalty ul s 271 (l)( c ) was being initiated

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT 2(1), INDORE

In the result, the appeals filed by the assessee

ITA 754/IND/2016[2009-10]Status: DisposedITAT Indore23 Aug 2018AY 2009-10

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

14A vide para 5.11, the Assessing Officer has recorded as under: " Since inaccurate particulars of income furnished penalty proceedings u/s 27 J (J) (c ) are initiated for which notice is being given separately" That it may thus be seen that the Assessing Officer while recording satisfaction had clearly specified that the penalty ul s 271 (l)( c ) was being initiated

SMT. PADMA KALANI,INDORE vs. THE DCIT 1(1), INDORE

In the result, the grounds of appeal taken by the

ITA 422/IND/2015[2006-07]Status: DisposedITAT Indore13 Jan 2017AY 2006-07

Bench: Shri D.T. Garasia & Shri O.P. Meena

Section 132Section 132(4)Section 139(1)Section 139(4)Section 143(3)Section 14ASection 153ASection 271(1)(c)Section 274

Section 153A on 27.12.2011 by determining total income at Rs. 11,020/- for the assessment year 2006-07 by making disallowances at Rs. 3,98,857/- u/s 14A of the Act for the assessment year 2006-07. Penalty proceedings u/s 271

M/S. KALANI INDUSTRIES PVT. LTD.,INDORE vs. THE DCIT 1(1), INDORE

In the result appeal (ITA No

ITA 419/IND/2015[2006-07]Status: DisposedITAT Indore01 Apr 2019AY 2006-07

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year 2006-07 M/S. Kalani Industries Pvt. Dcit 1(1), Ltd, Vs. Indore 11 Tukoganj Main Road, Indore (Appellant) (Respondent ) Pan Aaack7074P Revenue By Smt. Ashima Gupta, Cit & Shri R.S. Ambedkar, Sr. Dr Assessee By S/Shri Manjit Sachdeva & Avinash Gaur, Advocates Date Of Hearing 26.03.2019 Date Of Pronouncement 01.04.2019 O R D E R

Section 132Section 14ASection 153ASection 271(1)(c)Section 274

u/s 271(1)(c) of the Income Tax Act 1961(In short the ‘Act’) dated 29.06.2012 framed by DCIT-1(1), Indore. 1 Kalani Industries Pvt. Ltd 2. Assessee has raised following grounds of appeal; 01. That the Learned Commissioner of Income Tax (Appeal) in giving direction of levying the penalty under section 271(1)(c) of the Income

M/S KEVAL ( INDIA ) LTD,INDORE vs. DCIT-R-1 (1) , INDORE

In the result both the appeals of the assessee ITA No

ITA 653/IND/2017[2007-08]Status: DisposedITAT Indore04 Apr 2019AY 2007-08

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

Section 132Section 14ASection 153Section 153ASection 271Section 271(1)(c)Section 43(5)

Section 43(5) of the Act and can be set off only against as speculative profit. Subsequently Ld. A.O initiated the penalty proceedings u/s 271(1)(c)of the Act on the disallowance of loss. 5. In the instant two appeals the common issues raised relates to levy of penalty u/s 271

M/S KEVAL (INDIA) LTD,INDORE vs. DCIT-R 1(1) , INDORE

In the result both the appeals of the assessee ITA No

ITA 652/IND/2017[2005-06]Status: DisposedITAT Indore04 Apr 2019AY 2005-06

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

Section 132Section 14ASection 153Section 153ASection 271Section 271(1)(c)Section 43(5)

Section 43(5) of the Act and can be set off only against as speculative profit. Subsequently Ld. A.O initiated the penalty proceedings u/s 271(1)(c)of the Act on the disallowance of loss. 5. In the instant two appeals the common issues raised relates to levy of penalty u/s 271

SHRI MANISH KALANI,INDORE vs. THE DCIT 1(1), INDORE

In the result, the grounds of appeal taken by the assessee in both the assessment years are allowed

ITA 421/IND/2015[2009-10]Status: DisposedITAT Indore13 Jan 2017AY 2009-10

Bench: Shri D.T. Garasia & Shri O.P. Meena

Section 132Section 143(2)Section 143(3)Section 14ASection 153ASection 271A

271(1)(c) of the Act and levied the penalty on such disallowances. Therefore, we are of the considered opinion that disallowances are made on account of legal provision as enumerated in Rule 8D read with Section 14A of the Act, which has been made on the facts disclosed in the returns of income. Therefore, the penalty u/s

SHRI SAURABH KALANI,INDORE vs. THE DCIT 1(1), INDORE

In the result, the grounds of appeal taken by the assessee in both the assessment years are allowed

ITA 420/IND/2015[2009-10]Status: DisposedITAT Indore13 Jan 2017AY 2009-10

Bench: Shri D.T. Garasia & Shri O.P. Meena

Section 132Section 143(2)Section 143(3)Section 14ASection 153ASection 271A

271(1)(c) of the Act and levied the penalty on such disallowances. Therefore, we are of the considered opinion that disallowances are made on account of legal provision as enumerated in Rule 8D read with Section 14A of the Act, which has been made on the facts disclosed in the returns of income. Therefore, the penalty u/s

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 Indore30 Nov 2021AY 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 SURENDRA SINGH BHATIA,INDORE vs. THE JCIT-3, INDORE

In the result, assessee’s appeal is allowed

ITA 252/IND/2017[2008-09]Status: DisposedITAT Indore24 Nov 2022AY 2008-09

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

For Appellant: Shri Sumit Nema, Sr. Advocate with Shri Gagan TiwariFor Respondent: 28.09.2022
Section 132Section 132(4)Section 143Section 143(1)Section 271ASection 271DSection 274Section 41(1)

u/s 271AAA of the Act was initiated by issuing notice under Section 274 r.w.s. 271D of the Act upon the assessee on 29.12.2009. In appeal, the entire addition of Rs.15,02,129/- stood deleted by the Ld. CIT(A) on 30.11.2011. On 06.03.2013, penalty amounting to Rs.2,48,97,638/- was imposed under Section 271AAA

THE ACIT -3(1), INDORE vs. M/S. MAYA SPINNERS LTD., INDORE

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

ITA 392/IND/2017[1996-97]Status: DisposedITAT Indore03 Aug 2018AY 1996-97

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 1996-97

Section 271(1)(c)

u/s 271(1)(c) of the Act was not attracted in view of the observation of the Hon'ble Supreme Ltd. 322 ITR 158 (Hon'ble Supreme Court) wherein it has been held as under: A glance at this provision would suggest that in order to be covered, there has to be concealment of the particulars of the income

DR. VINOD BHANDARI,INDORE vs. THE DCIT CIR. 2(1), INDORE

In the result appeal of the assessee is allowed

ITA 57/IND/2019[2012-13]Status: DisposedITAT Indore20 Mar 2020AY 2012-13

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2012-13 Shri Vinod Bhandari, Pr. Cit(1), Indore 21- Gf, Bhandari House, Talkies, Scheme No.54, Vs. Vijay Nagar, Indore (Appellant) (Revenue ) Pan No.Abnpb6240M Assessment Year: 2012-13

Section 133ASection 139(4)Section 143(2)Section 143(3)Section 263Section 57

Penalty u/s 271(1)(c) of the Act not initiating action for furnishing inaccurate particulars of income for claiming against interest expenditure of Rs.39,83,844/-. (b) Break up of income of Rs.41,07,848/- not obtained. (c) Not mentioning the link source of Rs. 7 crores surrendered with the Vyapam case. (d) Not calling information from various agencies involved