BMW INDUSTRIES LIMITED,KOLKATA vs. DCIT, CENTRAL CIRCLE 4(1),, KOLKATA

In the result, all the three appeals of the assessee are allowed

271(1)(c) of the Act of Rs. 10,81,787/-\nconsequent to disallowance of Rs. 33,33,704/- being PF and ESI contributions paid\nbeyond the stipulated period when such a disallowance does not lead to any concealment\nof income or furnishing of inaccurate particulars of income to warrant any penalty.\"\n6.1. After hearing the rival contentions and perusing

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT,CC-4(2), KOLKATA, KOLKATA vs. THARUR BHASKARAN, KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT,CC-4(2), KOLKATA, KOLKATA vs. THARUR BHASKARAN, KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT,CC-4(2), KOLKATA, KOLKATA vs. THARUR BHASKARAN, KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT, CC-4(2), KOLKATA, KOLKATA vs. NALINI BHASKARAN , KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT,CC-4(2), KOLKATA, KOLKATA vs. THARUR BHASKARAN, KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income

DCIT,CC-4(2), KOLKATA, KOLKATA vs. THARUR BHASKARAN, KOLKATA

In the result the appeal is partly allowed”

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Sanjay Awasthi

section 271(1)(c) would indicate that penalty would be equivalent or to the extent of three times of taxes, if any, payable by an assessee of the addition made to his income could be charged under this sub-clause. In the present ITA Nos. 580 to 590/KOL/2023 Tharur Bhaskaran case, no addition has attained finality ultimately. Income