KATRATHAL GRAM SEWA SAHKARI SAMITI LIMITED ,KATRATHAL vs. ITO WARD 1 SIKAR, SIKAR

disallowance of the deduction under Section 80P was not justified solely because the return was filed belatedly. Referring to various judicial precedents and circulars, it was noted that the provisions of Section 80AC, as amended from time to time, and the applicability of Section 143(1)(a)(v) did not support the denial of deduction in this case, especially considering

URMILA RAJENDRA MUNDRA,AJMER vs. INCOME TAX OFFICER, WARD-2(2), AJMER, AJMER

In the result grounds raised by the assessee is allowed

Bench: SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

DISALLOWANCES” as under - reporting of Income in Consequences to misreporting of Income. Sec 270A(2) of Act defines “UNDER REPORTED OF INCOME”: (a) the income assessed is greater than the income determined in the return processed under clause (a) of sub-section (1

SHANKAR LAL LUDHANI THROUGH LATA DEVI LUDHANI AS LEGAL HEIR,AJMER vs. DCIT, CENTRAL CIRCLE, AJMER, AJMER

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

270A shall be imposed upon the assessee in respect of the income referred to in sub-section (1). (3) The provisions of sections 274 and 275 shall, as far as may be, apply in relation to the penalty referred to in this section. As is evident from the vanilla reading of the provision the proviso deals that the return

GUNMALA JAIN,AJMER vs. INCOME TAX OFFICER, WD-2(2), AJMER, AJMER

Appeal of the assessee is dismissed

Bench: SMT. ANNAPURNA GUPTA, AM आयकर अपील सं. / ITA No.1262/JPR/2025 निर्धारणवर्ष / AssessmentYears :2019-20 Gunmala Jain, बनाम 28 Abhi Lash Nikunj, Kalyan Vs. Income Tax Officer, Ward-2(2) Colony, Ajmer Road Kekri, Ajmer स्थायीलेखा सं. / जीआईआर सं./ PAN/GIR No.: ABRPJ 4764E Ajmer अपीलार्थी / Appellant प्रत्यर्थी / Respondent निर्धारिती की ओर से/Assesseeby :Sh. Sunil Porwal, CA (Thr.V.C.) राजस्व की ओर से / Revenue by : Sh. Gautam Singh Choudhary (Addl. CIT) सुनवाई की तारीख / Date of Hearing : 18/1

Section 270A of the Act. 2. The grounds raised by the assessee read as under:- 2 Gunmala Jain 1. The ld. CIT(A) confirming the penalty u/sec. 270A at Rs.33,280/- (200%) is bad in law. Penalty levied on suo motto disallowance

SMT. INDIRA AGRAWAL,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, KOTA

In the result, appeals of the assessee in ITA No

disallowance of interest claim expenses. The AO then initiated the proceedings for levy of penalty under section 271AAB of the IT Act by issuing a show cause notice dated 27.12.2017. The AO while passing the penalty order dated 27th June, 2018 has 3 ITA Nos. 1384(4)/JP/2018 Smt. Indira Agrawal, Kota. levied the penalty under section 271AAB(1

SMT. JYOTI AGARWAL,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOTA

In the result, appeals of the assessee in ITA nos

disallowance of interest claim expenses. The AO then initiated the proceedings for levy of penalty under section 271AAB of the IT Act by issuing a show cause notice dated 27.12.2017. The AO while passing the penalty 3 ITA Nos. 1373(4)-18/JP/2018 Smt. Jyoti Agrawal, Kota. order dated 27st June, 2018 has levied the penalty under section 271AAB(1

SHRI MANOJ MOONDHRA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

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

disallowance of certain expenses, the AO accepted the returned income of the assessee. The AO subsequently initiated the penalty proceedings under section 271AAB of the Act by issuing the notices dated 29th February, 2016 and 09.08.2016. The AO initially levied the penalty under section 271AAB vide order dated 30.08.2016 @ 10% of the undisclosed income total amounting

SHRI MANOJ MOONDHRA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

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

disallowance of certain expenses, the AO accepted the returned income of the assessee. The AO subsequently initiated the penalty proceedings under section 271AAB of the Act by issuing the notices dated 29th February, 2016 and 09.08.2016. The AO initially levied the penalty under section 271AAB vide order dated 30.08.2016 @ 10% of the undisclosed income total amounting

SAKET AGARWAL,JAIPUR vs. INCOME TAX OFFICER WARD 1(3) JAIPUR, JAIPUR

270A of the Act.\n6. That further submissions in support of appeal shall be made at the time of\nhearing.\n7. That appellant craves leave to add, amend or alter all or any grounds of\nappeal before or at the time of hearing.\nTheGroundsofAppealarediscussedinDetailasperbelow:-\n1. ThatorderofLearnedAssessingAuthorityisbadinlaw,illegalandagainstf\nactsandcircumstancesofthecase.\ni) That the SCN issued on Dt 19-04-2021 for hearing

RUPESH TAMBI,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, JAIPUR

In the result, the appeal of the assessee is Partly allowed

disallowances and additions. The penalty proceeding\nu/s 271AAB of the IT Act, 1961 has been initiated on the ground that assessee\nduring the course of search in the statement recorded u/s 132(4) offered a sum of\nRs.49,50,000/- on account of investment in construction of house and\nRs.20,28,903/- on account of excess value of stock found

SINCERE ARCHITECTS ENGINEERS PVT. LTD.,JAIPUR vs. ACIT, CIRLCE-7, JAIPUR

In the result the appeal no

270A of the\nAct can be levied or not. As the issue touches upon the levy of penalty u/s.\n270A of the Act it would be appropriate to deal with the provision of section\n270A of the Act which reads as under ;\n[Penalty for under-reporting and misreporting of income.\n15270A. (1) The Assessing Officer or 16 [the Joint

SINCERE ARCHITECTS ENGINEERS PVT. LTD.,JAIPUR vs. ACIT, CIRCLE-7, JAIPUR

In the result the appeal no

270A of the\nAct can be levied or not. As the issue touches upon the levy of penalty u/s.\n270A of the Act it would be appropriate to deal with the provision of section\n270A of the Act which reads as under ;\n[Penalty for under-reporting and misreporting of income.\n15270A. (1) The Assessing Officer or 16 [the Joint

AJAY BAKLIWAL,KOTA vs. ACIT, CENTRAL CIRCLE, KOTA, KOTA

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

270A of the Act for under reporting of income and thereby completed the assessment determining the total income at Rs. 3,87,72,400/-. u/s. 143(3) r.w.s. 153A of the Act. 3. Aggrieved from the order of Assessing Officer, assessee preferred an appeal before the ld. CIT(A). Apropos to the grounds so raised the relevant finding

DIESH KUMAR GOYAL,KOTA vs. ITO, WARD-1(1), KOTA, KOTA

In the result, the appeal of the assessee is partly allowed

1)(c) AO alleged that assessee had concealed its income,\norders imposing penalty were invalid and liable to be cancelled [In favor of\nassessee]\n2.7 In view of the above facts and judicial decisions, the penalty imposed by the AO\nand confirmed by the CIT(A) may kindly be cancelled.\n•\nGround-3The Ld. CIT(A) erred in confirming

SHRI VIVEK SETHIA,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR

In the result, the appeal filed by the assessee is partly allowed

disallowance. The penalty proceedings U/s 271AAB of the Act were initiated vide show cause notice dated 29.11.2016. The assessee filed his reply to show cause notice vide letter dated 30.12.2016. The AO was not impressed with the reply filed by the assessee and levied the penalty @ 10% of the surrendered income amounting to Rs. 61,95,020/- vide order dated

SHRI KAMAL SETHIA,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JAIPUR

In the result, the appeal filed by the assessee is partly allowed

disallowance. The penalty proceedings U/s 271AAB of the Act were initiated vide show cause notice dated 29.11.2016. The assessee filed his reply to show cause notice vide letter dated 30.12.2016. The AO was not impressed with the reply filed by the assessee and levied the penalty @ 10% of the surrendered income amounting to Rs. 59,44,219/- vide order dated

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, ALWAR, ALWAR vs. MAN MOHAN KRISHNA, ALWAR

18. As a result, this appeal deserves to be dismissed

Bench: SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

270A of the Act came to be passed on 29.01.2022 subsequent to the assessment order of even date, relating to the same assessment year 2019-20, whereby the Assessing Officer had disallowed expenditure expenses and also disallowed a sum of Rs. 64,47,267/- due to non deduction of TDS, and also while applying provisions of Section

PRADEEP SHARMA,JAIPUR vs. INCOME TAX OFFICER, JAIPUR

In the result, the appeal of the assessee is partly allowed

1)(vii) are satisfied and bad debts have been rightly claimed by assessee,\n(being clearly covered by provisions of the Act as well as allowable as per settled\nlegal position) deserves to be allowed.\n1.2 That on the facts and in the circumstances the case Id. CIT (A) has grossly\nerred in observing that certain sum from the some