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2 results for “penalty u/s 271”+ Demonetizationclear

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Jaipur33Hyderabad32Chennai22Bangalore16Delhi13Mumbai9Ahmedabad9Indore7Visakhapatnam4Surat4Kolkata4Rajkot3Jodhpur2Chandigarh2Lucknow2Patna2Raipur2Cochin1Panaji1Agra1Pune1

Key Topics

Section 142(1)5Section 69A5Section 115B2Section 143(2)2Section 2712Section 1442Section 144A2Cash Deposit2Demonetization2Penalty

NEERAJ RANGWANI,JODHPUR vs. ITO, WARD-3(1), JODHPUR

In the result, the appeal of the assessee is treated as allowed for statistical purposes as per direction mentioned above

ITA 150/JODH/2022[2017-18]Status: DisposedITAT Jodhpur13 Mar 2023AY 2017-18

Bench: Shri B. R. Baskaran & Dr. S. Seethalakshmi

Section 115BSection 142(1)Section 143(2)Section 143(3)Section 234ASection 271Section 44ASection 69A

demonetization period. The notices u/s 142(1) were issued by this office to the assessee by this office asking for the details. In these Notice assessee was requested to furnish details e.g. All the bank statements, Explanation of all the cash deposits in bank account during the demonetisation period along with relevant evidences and to explain the timing, amount

2
Addition to Income2

MEWAR MIN CHEM PVT. LTD. ,BHILWARA vs. ITO, WARD-5, BHILWARA

In the result, the appeal of the assessee is allowed for statistical purpose

ITA 73/JODH/2022[2017-18]Status: DisposedITAT Jodhpur20 Jan 2023AY 2017-18

Bench: Shri B. R. Baskaran & Dr. S. Seethalakshmi

Section 115Section 142(1)Section 144Section 144ASection 271Section 271ESection 69A

271 AAC of the Act in respect of unexplained income is initiated. The assessee has not filed its Return of Income for AY 2017-18, therefore, penalty u/s 271E of the Act is also initiated for failure to furnish return of income. Assessed u/s.144 of the Income tax Act, 1961 at total Income of Rs.11,74,800/-. Calculation