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7 results for “penalty u/s 271”+ Section 10(26)(AAA)clear

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Key Topics

Section 271A13Section 10(26)(AAA)12Section 139(1)8Section 132(4)8Penalty7Section 153A6Addition to Income6Section 271(1)(c)4Section 1484

D.C.I.T CC - V,KOLKATA, KOLKATA vs. KRISHNA TRADE & COMMERCE PVT LTD, KOLKATA

In the result, the appeal of the Revenue is dismissed

ITA 1083/KOL/2013[2009-10]Status: DisposedITAT Kolkata29 Apr 2016AY 2009-10

Bench: Shri P.M. Jagtap & Shri S.S. Viswanethra Ravi

Section 132Section 143(3)Section 153ASection 271A

26, 2016 Date of pronouncing the order : April 29, 2016 O R D E R Per Shri P.M. Jagtap :- This appeal is preferred by the Revenue against the order of the ld. Commissioner of Income Tax (Appeals), Central-1, Kolkata dated 04.02.2013, whereby he cancelled the penalty of Rs.17,50,000/- imposed by the Assessing Officer under section 271AAA

UTPAL DORJEE YONGDA,PELLING, WEST SIKKIM vs. A.O., NFAC / D.C.I.T., WARD - 3(1), GANGTOK, GANGTOK

In the result, all the four appeals are allowed for statistical purposes

Section 1444
Cash Deposit4
Search & Seizure3
ITA 1348/KOL/2024[2015-2016]Status: DisposedITAT Kolkata13 Sept 2024AY 2015-2016

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 10(26)(AAA)Section 139(1)Section 144Section 148Section 271(1)(c)Section 69A

penalty imposed by the ld. Assessing Officer u/s 271(1)(c) vide his order dated 13th September, 2022 passed in both these assessment years. These orders have been upheld by the ld. CIT(Appeals) vide his orders dated 23.04.2024 and 24.04.2024 passed in A.Ys. 2014- 15 and 2015-16 respectively. 3. We take quantum appeals first. The grounds of appeal

UTPAL DORJEE YONGDA,PELLING, WEST SIKKIM vs. A.O., NFAC / D.C.I.T., WARD - 3(1), GANGTOK, GANGTOK

In the result, all the four appeals are allowed for statistical purposes

ITA 1349/KOL/2024[2015-2016]Status: DisposedITAT Kolkata13 Sept 2024AY 2015-2016

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 10(26)(AAA)Section 139(1)Section 144Section 148Section 271(1)(c)Section 69A

penalty imposed by the ld. Assessing Officer u/s 271(1)(c) vide his order dated 13th September, 2022 passed in both these assessment years. These orders have been upheld by the ld. CIT(Appeals) vide his orders dated 23.04.2024 and 24.04.2024 passed in A.Ys. 2014- 15 and 2015-16 respectively. 3. We take quantum appeals first. The grounds of appeal

UTPAL DORJEE YONGDA,PELLING, WEST SIKKIM vs. A.O., NFAC / D.C.I.T., WARD - 3(1), GANGTOK, GANGTOK

In the result, all the four appeals are allowed for statistical purposes

ITA 1347/KOL/2024[2014-2015]Status: DisposedITAT Kolkata13 Sept 2024AY 2014-2015

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 10(26)(AAA)Section 139(1)Section 144Section 148Section 271(1)(c)Section 69A

penalty imposed by the ld. Assessing Officer u/s 271(1)(c) vide his order dated 13th September, 2022 passed in both these assessment years. These orders have been upheld by the ld. CIT(Appeals) vide his orders dated 23.04.2024 and 24.04.2024 passed in A.Ys. 2014- 15 and 2015-16 respectively. 3. We take quantum appeals first. The grounds of appeal

UTPAL DORJEE YONGDA,PELLING, WEST SIKKIM vs. A.O., NFAC/ D.C.I.T., CIRCLE - 3(2), GANGTOK, GANGTOK

In the result, all the four appeals are allowed for statistical purposes

ITA 1346/KOL/2024[2014-2015]Status: DisposedITAT Kolkata13 Sept 2024AY 2014-2015

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 10(26)(AAA)Section 139(1)Section 144Section 148Section 271(1)(c)Section 69A

penalty imposed by the ld. Assessing Officer u/s 271(1)(c) vide his order dated 13th September, 2022 passed in both these assessment years. These orders have been upheld by the ld. CIT(Appeals) vide his orders dated 23.04.2024 and 24.04.2024 passed in A.Ys. 2014- 15 and 2015-16 respectively. 3. We take quantum appeals first. The grounds of appeal

D.C.I.T CC - V,KOLKATA, KOLKATA vs. SALSAR STOCK BROKING LTD, KOLKATA

In the result, all the appeals filed by the assesses are allowed

ITA 1082/KOL/2013[2009-10]Status: DisposedITAT Kolkata15 Apr 2016AY 2009-10

Bench: : Shri N.V.Vasudevan & Shri M. Balaganesh

For Appellant: Shri K.K. Chhaparia, FCA, ld.ARFor Respondent: Md. Ghayas Uddin Ansari, JCIT, ld. Sr.DR
Section 132(4)Section 153ASection 271ASection 73

26,662/- Mutual Fund Trading Rs. 55,94,908/- Other Income (including disclosure) Rs. 4,60,28,734/- -------------------------- Rs. 22,72,396/- After deducting administrative cost of Rs. 3,70,13,193/- , finance charges of Rs. 1,05,57,283/- and depreciation of Rs. 22,28,085/-, the assessee furnished a loss return

SRI MAYANK DAGA,KOLKATA vs. DCIT, CC-XI, KOLKTA, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 2050/KOL/2014[2011-2012]Status: DisposedITAT Kolkata07 Jul 2017AY 2011-2012

Bench: Hon’Ble Sri A.T.Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No.2050/Kol/2014 Assessment Year : 2011-12 Sri Mayank Daga -Vs.- D.C.I.T., Central Circle-Xi, Kolkata Kolkata [Pan : Afjpd 3170 L] (Respondent) (Appellant) For The Appellant : Shri Manish Tiwari, Fca For The Respondent : None Date Of Hearing : 15.06.2017. Date Of Pronouncement : 07.07.2017 Order

For Appellant: Shri Manish Tiwari, FCAFor Respondent: None
Section 131Section 132Section 132(4)Section 143(3)Section 251Section 271Section 271A

271 AAA of the Income Tax Act, 1961 (hereinafter referred to as the ‘Act ‘] dated 23.12.2013 for the Asst Year 2011-12. 2. The only issue to be decided in this appeal is as to whether the ld CITA was justified in confirming the levy of penalty u/s 271AAA of the Act in the facts and circumstances of the case