ANIL SHARMA, JAIPUR,JAIPUR vs. ITO, WARD-1(3), JAIPUR, JAIPUR

8. In view of the above findings, this appeal is hereby allowed and the impugned order passed by Learned CIT(A), NFAC upholding the penalty order u/s 271E of the Act, is hereby set aside

Bench: This Appellate Tribunal, Feeling Aggrieved By Order Dated 15.10.2024, Passed By Learned Cit(A), Nfac, Delhi. The Matter Pertains To The Assessment Year 2014-15. Vide Impugned Order, Penalty Imposed By The Assessing Officer U/S 271E Of The Income Tax Act, 1961 (In Short “The Act”) Has Been Upheld.

244A as per IINS 150 issued which is part of this order. As the assessee has not complied with the provisions of section 44AA and 44AB therefore penalty proceedings u/s 271A and 271B are being initiated. Penalty proceedings u/s 271(1

ELCON DRUGS & FORMULATION LTD.,JAIPUR vs. JCIT(OSD), CIRCLE-4, JAIPUR

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

244A. Issue penalty notice u/s 271(1)(c) of the I.T. Act, 1961 is separately for concealment of income. 8. Being aggrieved by the assessment order, the assessee preferred an appeal before the ld. CIT(A). Before the ld. CIT(A), the assessee has reiterated its arguments. The ld. CIT(A) for the reasons stated in his order has rejected

SANTOSH KANWAR,JAIPUR vs. ITO 6(4 ) JAIPUR, JAIPUR

Bench: BEFORE: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

section 115BBE of the Income Tax Act, 1961. Charge interest u/s 234A, 234B, 234C, 234D & 244A(3) if applicable as per rules. ITNS-150 issued, which is forming part of this order. Issue demand notice & challan accordingly. Penalty notice u/s 274 r.w.s. 271(1