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4 results for “penalty u/s 271”+ Section 928clear

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Mumbai80Delhi66Kolkata19Ahmedabad16Jaipur11Bangalore9Pune8Chennai5Hyderabad5Guwahati5Indore4Rajkot1SC1Surat1

Key Topics

Section 115J9Section 1546Section 143(3)6Disallowance4Section 271(1)(c)3Section 80H3Section 80P3Section 10A3Deduction3

THE ACIT , RATLAM vs. SHRI KAPIL JAIN, RATLAM

In the result appeal of the revenue No

ITA 696/IND/2018[14-15]Status: DisposedITAT Indore27 Jun 2019

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

Section 10ASection 115JSection 143(3)Section 154Section 271(1)(c)Section 80HSection 80P

Section 115JD of the Act which provides for tax credit of the AMT. We therefore find no insistency in the finding of Ld. CIT(A) allowing the assessee’s claim for set off of AMT Tax credit for the tax liability of Rs.1,72,488/- and Rs.12,40,928/- for Assessment Year 2014-15 and 2015-16. Accordingly the common

Set Off of Losses3

THE ACIT , RATLAM vs. SHRI KAPIL JAIN, RATLAM

In the result appeal of the revenue No

ITA 694/IND/2018[14-15]Status: DisposedITAT Indore27 Jun 2019

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

Section 10ASection 115JSection 143(3)Section 154Section 271(1)(c)Section 80HSection 80P

Section 115JD of the Act which provides for tax credit of the AMT. We therefore find no insistency in the finding of Ld. CIT(A) allowing the assessee’s claim for set off of AMT Tax credit for the tax liability of Rs.1,72,488/- and Rs.12,40,928/- for Assessment Year 2014-15 and 2015-16. Accordingly the common

THE ACIT , RATLAM vs. SHRI KAPIL JAIN, RATLAM

In the result appeal of the revenue No

ITA 695/IND/2018[15-16]Status: DisposedITAT Indore27 Jun 2019

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

Section 10ASection 115JSection 143(3)Section 154Section 271(1)(c)Section 80HSection 80P

Section 115JD of the Act which provides for tax credit of the AMT. We therefore find no insistency in the finding of Ld. CIT(A) allowing the assessee’s claim for set off of AMT Tax credit for the tax liability of Rs.1,72,488/- and Rs.12,40,928/- for Assessment Year 2014-15 and 2015-16. Accordingly the common

THE ACIT, CIRCLE 2(1), INDORE vs. DR. SHRI RAJEEV CHAUDHARY, INDORE

In the result, the appeal of the revenue is allowed and cross objection of the assessee is partly allowed

ITA 293/IND/2012[2008-09]Status: DisposedITAT Indore10 Jan 2019AY 2008-09

Bench: Hon'Ble I Kul Bharat & Hon'Ble Manish Boradassessment Year 2008-09 Pan : Abkpc5729K Assistant Commissioner Of V/S Dr.Rajeev Choudhary Income Tax, 1, Shiv Vilas Palace Circle-2(1), Indore Indore

Section 147Section 14A

penalty u/s 271 (1 )(c ) is initiated. The above issue is also dealt by the Hon'ble ITAT, Mumbai in two recent cases and held as under :- (A) Sadhana Nabera vs. ACIT (ITAT Mumbai) dated 2510512010 Rajeev Choudhary ITA Nos.293/Ind/2012& C.O.No.65/Ind/2012 Tests laid down to determine whether income from shares is "business" income or "capital gains" The assessee