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66 results for “penalty u/s 271”+ Section 234B(3)clear

Sorted by relevance

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Key Topics

Section 143(3)50Section 115J41Section 271(1)(c)36Section 234B36Section 6832Addition to Income32Section 153A27Section 132(4)27Penalty

DCIT, C.C. I, KOLKATA, KOLKATA vs. AMARNATH SHROFF, KOLKATA

In the result ITA Nos.1797 to 1800/Kol/2009 are allowed while ITA Nos

ITA 1494/KOL/2010[2001-02]Status: DisposedITAT Kolkata02 Mar 2016AY 2001-02

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri Waseem Ahmed, Am ]

For Respondent: Shri Anil Kumar Pande, JCIT, Sr.DR
Section 132Section 132(4)Section 139(1)Section 153ASection 271(1)(c)Section 274

234B of rs.6,72,710/-, and interest u/s 234C of Rs.395/-, aggregating to Rs.16,92,236/-, which had been discharged in part by way of TDS of rs.2,86,782/-, self assessment tax u/s 140A of Rs.7,19,454/- and regular tax of Rs. 5,00,000/- and Rs.54,374/- paid on 22-07-2008. The appellant is still

Showing 1–20 of 66 · Page 1 of 4

26
Deduction21
Section 14820
Disallowance11

AMAR NATH SHROFF,KOLKATA vs. DY. COMMISSIONER OF INCOME TAX, KOLKATA

In the result ITA Nos.1797 to 1800/Kol/2009 are allowed while ITA Nos

ITA 1797/KOL/2009[2001-02]Status: DisposedITAT Kolkata02 Mar 2016AY 2001-02

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri Waseem Ahmed, Am ]

For Respondent: Shri Anil Kumar Pande, JCIT, Sr.DR
Section 132Section 132(4)Section 139(1)Section 153ASection 271(1)(c)Section 274

234B of rs.6,72,710/-, and interest u/s 234C of Rs.395/-, aggregating to Rs.16,92,236/-, which had been discharged in part by way of TDS of rs.2,86,782/-, self assessment tax u/s 140A of Rs.7,19,454/- and regular tax of Rs. 5,00,000/- and Rs.54,374/- paid on 22-07-2008. The appellant is still

ZYDUS HEALTHCARE LTD,GANGTOK vs. ACIT, CIR. 3(2), GANGTOK

In the result, the appeal of the assessee is allowed

ITA 139/KOL/2021[2014-15]Status: DisposedITAT Kolkata20 Feb 2023AY 2014-15

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Girish Agrawali.T.A. No. 139/Kol/2021 Assessment Year: 2014-2015 Zydus Healhcare Limited,……..................Appellant (Successor To Zydus Healthcare Sikkim), 4Th Floor, ‘D’ Wing, Zudus Corporate Park, Scheme No. 63, Survey No. 536, Khoraj (Gandhinagar), Nr. Vaishnodevi Circle, Ahmedabad, Gandhinagar, Gujrat-382481 [Pan: Aaacg1895Q] -Vs.- Assistant Commissioner Of Income Tax,....Respondent Circle-3(2), Gangtok, Sikkim-737101 Appearances By: Shri Ajit Kumar Jain, Ca & Sonal Pandey, A.R., Appeared On Behalf Of The Assessee Shri G. Hukugha Sema, Cit, Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : January 18, 2023 Date Of Pronouncing The Order : February 20, 2023 O R D E R

Section 143(3)Section 144CSection 153Section 156Section 271Section 271(1)(c)Section 274

234B & 234C, etc. He also initiated penalty proceedings under section 271(1)(c) of the Act. Undoubtedly, the assessee on understanding that the same was draft assessment order, made objections to the DRP, who gave certain directions and thereafter, the Assessing Officer passed an order under section 143(3) r.w.s. 144C(13) of 13 Assessment Year: 2014-2015 Zydus Healthcare

DCIT, CIR-12, KOLKATA, KARNATAKA vs. M/S ASSOCIATED ALCOHOLS & BREWERIES LTD., KOLKATA

In the result the appeal of the Revenue is accordingly dismissed

ITA 749/KOL/2014[2009-2010]Status: DisposedITAT Kolkata07 Jun 2017AY 2009-2010

Bench: Shri Aby.T Varkey & Shri Waseem Ahmedassessment Year:2009-10 Dcit, Circle-12, P-7, V/S. M/S Associated Alcohols Chowringhee Square & Breweries Ltd. 106A, Aayakar Bhawan, 7Th Shyam Bazar, Station, Floor, Kolkata-69 Ground Floor, Kolkata-05 [Pan No.Aaeca 2674 B] .. अपीलाथ" /Appellant ""यथ"/Respondent

Section 115JSection 143(3)Section 271Section 271(1)(c)Section 80J

234B and 234C has been charged as per the provisions of Income Tax Act, 1961. Penalty proceedings us/s 271(1)(c) of the Income Tax Act, 1961 have been initiated. Issue necessary forms.’ 24. The income of the assessee was thus assessed under Section 115JB and not under the normal provisions. It is in this context that we have

BENI PRASAD LAHOTI,HOWRAH vs. DCIT, CC-2(2), KOLKATA

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

ITA 306/KOL/2022[2012-13]Status: DisposedITAT Kolkata27 Dec 2022AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Girish Agrawal

Section 132Section 132(4)Section 139Section 14ASection 153ASection 271(1)(c)

3. After verification, the total income is determined as under:- Total income as per return of income Rs 28,45,960/- Total assessed income Rs 28,45,960/- Agricultural income for rate purpose Rs.6,14,131/- 4. Assessed u/s. 153A of the I T Act, 1961. Charge tax. Charge interest u/s. 234A, 234B and 234C

BENI PRASAD LAHOTI,HOWRAH vs. DCIT, CC-2(2), KOLKATA

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

ITA 302/KOL/2022[2008-09]Status: DisposedITAT Kolkata27 Dec 2022AY 2008-09

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Girish Agrawal

Section 132Section 132(4)Section 139Section 14ASection 153ASection 271(1)(c)

3. After verification, the total income is determined as under:- Total income as per return of income Rs 28,45,960/- Total assessed income Rs 28,45,960/- Agricultural income for rate purpose Rs.6,14,131/- 4. Assessed u/s. 153A of the I T Act, 1961. Charge tax. Charge interest u/s. 234A, 234B and 234C

ACIT, CENTRAL CIRCLE - 3(3), KOLKATA, KOLKATA vs. SHRI GOPAL KUMAR NAREDI, KOLKATA

In the result, the appeal of the Revenue is dismissed

ITA 2062/KOL/2017[2015-16]Status: DisposedITAT Kolkata08 Nov 2019AY 2015-16

Bench: Shri A. T. Varkey, Jm & Dr. (Shri) Arjun Lal Saini, Am ]

Section 132(4)Section 143(3)Section 234BSection 271Section 271A

penalty at 30% of the undisclosed income u/s. 271 AAB(1) (c) of the Income-tax Act, 1961, [hereinafter, the ‘Act’ in short] by observing as under:- 1 I.T.A No. 2062/Kol/2017 A.Y 2015-16 Shri Gopal Kumar Naredi. “5. In this case, the assessee has made disclosure during the statement recorded under Oath u/s 132(4) of the Income

MADHU JAYANTI INTERNATIONAL LIMITED,KOLKATA vs. DCIT, CIRCLE - 4(1), KOLKATA, KOLKATA

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

ITA 214/KOL/2016[2011-2012]Status: DisposedITAT Kolkata01 Dec 2017AY 2011-2012

Bench: Hon’Ble Shri Aby. T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 214/Kol/2016 Assessment Year : 2011-12 Madhu Jayanti International Ltd. -Vs- Dcit, Cc-4(1), Kolkata [Pan: Aabcm 7502 R] (Appellant) (Respondent)

For Appellant: Shri Akash Mansinka, ARFor Respondent: Shri G. Mallikarjune, CIT DR
Section 139(5)Section 143(3)Section 144C(5)Section 92CSection 92D

section 14A mandate that the onus in on the AO to justify the basis for not being satisfied with the correctness of the claim of the Appellant in respect of such expenditure in relation to income which does not form part of the total income under Act. 3.e) The impugned order has further erred in not abiding

SUVAPRASANNA BHATTACHARYA,KOLKATA vs. ACIT, CIRCLE - 55, KOLKATA, KOLKATA

In the result, appeal filed by assessee is allowed

ITA 1303/KOL/2010[2006-07]Status: DisposedITAT Kolkata06 Nov 2015AY 2006-07

Bench: Shri N.V. Vasudevan & Shri Waseem Ahmedassessment Year :2006-07 Suvaprasanna Bhatacharya V/S. Acit, Circle-55, Bh-167, Salt Lake, Sector- 54/1, Rafi Ahmed Ii, Kolkata-700 016 Kidwai Road, [Pan No.Aedpb 2611 R] Kolkata – 700 016 .. अपीलाथ" /Appellant ""यथ"/Respondent

Section 131Section 131(1)Section 142(1)Section 271(1)Section 28

u/s. 140A (-) 6,600 Total 24,92,377 Add 234B 7,50,419 Add 234C 123 Total Tax payable 30,23,135” In this appeal challenge by the Assessee is to the levy of penalty u/s.271(1) (c) of the Act in respect of the addition of a sum of Rs.60,99,454, Rs.1,09,473 and Rs.9

BINOD KUMAR BURNWAL,BURDWAN vs. ITO, WARD - 1(3), DURGAPUR, DURGAPUR

In the result, appeal of the assessee is allowed in part

ITA 1864/KOL/2017[2008-09]Status: DisposedITAT Kolkata12 Dec 2018AY 2008-09

Bench: Sri J. Sudhakar Reddy & Sri Aby T. Varkey) Assessment Year: 2008-09 Binod Kumar Burnwal…………………….…….............................………………………..……….………..Appellant Prop: Anandlok Infocom Bangram, Nutandanga Gogla Dist-Burdwan – 713 383 [Pan : Aizpb 0692 A] Income Tax Officer, Ward-1(3), Kolkata......................................................……………….…..Respondent

Section 143(3)Section 234BSection 250Section 40A(3)

271/- deposit in party's bank account and the Provision is covered by Rule 6DD, as such his finding is completely arbitrary, unjustified and illegal. 7. For that the interest u/s 234B charged mechanically is wrong & illegal. 8. For that the appellant reserves the right to adduce any further ground or grounds, if necessary, at or before the hearing

DIPAK KUMAR DEY,HOOGHLY vs. CIT, KOLKATA-9, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 768/KOL/2015[2010-2011]Status: DisposedITAT Kolkata08 Sept 2017AY 2010-2011

Bench: Sri J. Sudhakar Reddy & Sri S.S. Viswanethra Ravi]

Section 143Section 234BSection 263Section 271Section 40Section 40A

3) on a total income of Rs. 584,750/-, as a result of which an additional demand of Rs. 1,17,910/-was raised against the assessee which was inclusive of education cess and interest levied u/s 234B, 234C & 234D. In the assessment order the A.O. made an addition of Rs. 5427/- on account of unexplained closing balance appearing

M/S. TDK INDIA PRIVATE LIMITED (FORMERLY KNOWN AS EPCOS INDIA PRIVATE LIMITED),NADIA vs. DCIT, CIRCLE - 11(1) , KOLKATA

In the result appeal of the assessee for Assessment Year 2014-15 is partly allowed for statistical purposes and appeal of the assessee for Assessment Year 2015-16, is allowed

ITA 1998/KOL/2019[2015-16]Status: DisposedITAT Kolkata22 Aug 2023AY 2015-16

Bench: Dr. Manish Borad & Shri Sonjoy Sarma]

Section 143(3)Section 144C(13)Section 92C

234B of the Act. 19. That on the facts and in the circumstances of the case, the Ld. AO has grossly erred and unjustified in initiating penalty proceedings u/s 271(1)(c) of the Act. 20. That on the facts and in the circumstances of the case, the Ld. TPO/ AO has not considered the benefit of variation / deduction

M/S. TDK INDIA PRIVATE LIMITED (FORMERLY KNOWN AS EPCOS INDIA PRIVATE LIMITED),NADIA vs. DCIT, CIRCLE - 11(1) , KOLKATA

In the result appeal of the assessee for Assessment Year 2014-15 is partly allowed for statistical purposes and appeal of the assessee for Assessment Year 2015-16, is allowed

ITA 2646/KOL/2018[2014-15]Status: DisposedITAT Kolkata22 Aug 2023AY 2014-15

Bench: Dr. Manish Borad & Shri Sonjoy Sarma]

Section 143(3)Section 144C(13)Section 92C

234B of the Act. 19. That on the facts and in the circumstances of the case, the Ld. AO has grossly erred and unjustified in initiating penalty proceedings u/s 271(1)(c) of the Act. 20. That on the facts and in the circumstances of the case, the Ld. TPO/ AO has not considered the benefit of variation / deduction

PRISM KNIT FAB PVT. LTD.,KOLKATA vs. I.T.O., CIRCLE-11(1), KOLKATA, KOLKATA

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 515/KOL/2022[2012-2013]Status: DisposedITAT Kolkata30 Nov 2022AY 2012-2013

Bench: Dr. Manish Borad & Sonjoy Sarma

Section 143(3)Section 147Section 148Section 151Section 250

section 143(3)/147 of the Act without giving proper show cause notice and providing due opportunity to the appellant and therefore, same is bad in law being passed without following principles of natural justice. o. That the Learned AO erred in making addition of Rs. 1,74,97,873/- and Rs. 1,74,978/-as unaccounted income allegedly earned

ACIT, CC-1(1), KOLKATA, KOLKATA vs. M/S HARIRAM JAGDISH PRASAD, KOLKATA

In the result, the appeals of the revenue are dismissed

ITA 1486/KOL/2015[2010-2011]Status: DisposedITAT Kolkata13 Apr 2018AY 2010-2011

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri S.S. Viswanethra Ravi] I.T.A. No. 1483/Kol/2015 Assessment Year: 2006-07 I.T.A. No. 1484/Kol/2015 Assessment Year: 2007-08 I.T.A. No. 1485/Kol/2015 Assessment Year: 2009-10 I.T.A. No. 1486/Kol/2015 Assessment Year: 2010-11 I.T.A. No. 1487/Kol/2015 Assessment Year: 2012-13

Section 140ASection 234ASection 234A(3)Section 234BSection 234B(3)Section 234CSection 250Section 271(1)(c)

Penalty proceeding u/s. 271(1)(c) of the Act is initiated separately. 7. Subject to above discussion, the total income of the assessee is computed as follows:- Computation of Total Income:- Income as per return Rs. 34,013/- Add:- Undisclosed working capital (As discussed in para-6) Rs.3,17,30,247/- Total income:- Rs.3,17,64,260/- Calculation

ACIT, CC-1(1), KOLKATA, KOLKATA vs. M/S HARIRAM JAGDISH PRASAD, KOLKATA

In the result, the appeals of the revenue are dismissed

ITA 1483/KOL/2015[2006-07]Status: DisposedITAT Kolkata13 Apr 2018AY 2006-07

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri S.S. Viswanethra Ravi] I.T.A. No. 1483/Kol/2015 Assessment Year: 2006-07 I.T.A. No. 1484/Kol/2015 Assessment Year: 2007-08 I.T.A. No. 1485/Kol/2015 Assessment Year: 2009-10 I.T.A. No. 1486/Kol/2015 Assessment Year: 2010-11 I.T.A. No. 1487/Kol/2015 Assessment Year: 2012-13

Section 140ASection 234ASection 234A(3)Section 234BSection 234B(3)Section 234CSection 250Section 271(1)(c)

Penalty proceeding u/s. 271(1)(c) of the Act is initiated separately. 7. Subject to above discussion, the total income of the assessee is computed as follows:- Computation of Total Income:- Income as per return Rs. 34,013/- Add:- Undisclosed working capital (As discussed in para-6) Rs.3,17,30,247/- Total income:- Rs.3,17,64,260/- Calculation

ACIT, CC-1(1), KOLKATA, KOLKATA vs. M/S HARIRAM JAGDISH PRASAD, KOLKATA

In the result, the appeals of the revenue are dismissed

ITA 1484/KOL/2015[2007-08]Status: DisposedITAT Kolkata13 Apr 2018AY 2007-08

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri S.S. Viswanethra Ravi] I.T.A. No. 1483/Kol/2015 Assessment Year: 2006-07 I.T.A. No. 1484/Kol/2015 Assessment Year: 2007-08 I.T.A. No. 1485/Kol/2015 Assessment Year: 2009-10 I.T.A. No. 1486/Kol/2015 Assessment Year: 2010-11 I.T.A. No. 1487/Kol/2015 Assessment Year: 2012-13

Section 140ASection 234ASection 234A(3)Section 234BSection 234B(3)Section 234CSection 250Section 271(1)(c)

Penalty proceeding u/s. 271(1)(c) of the Act is initiated separately. 7. Subject to above discussion, the total income of the assessee is computed as follows:- Computation of Total Income:- Income as per return Rs. 34,013/- Add:- Undisclosed working capital (As discussed in para-6) Rs.3,17,30,247/- Total income:- Rs.3,17,64,260/- Calculation

ACIT, CC-1(1), KOLKATA, KOLKATA vs. M/S HARIRAM JAGDISH PRASAD, KOLKATA

In the result, the appeals of the revenue are dismissed

ITA 1485/KOL/2015[2009-2010]Status: DisposedITAT Kolkata13 Apr 2018AY 2009-2010

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri S.S. Viswanethra Ravi] I.T.A. No. 1483/Kol/2015 Assessment Year: 2006-07 I.T.A. No. 1484/Kol/2015 Assessment Year: 2007-08 I.T.A. No. 1485/Kol/2015 Assessment Year: 2009-10 I.T.A. No. 1486/Kol/2015 Assessment Year: 2010-11 I.T.A. No. 1487/Kol/2015 Assessment Year: 2012-13

Section 140ASection 234ASection 234A(3)Section 234BSection 234B(3)Section 234CSection 250Section 271(1)(c)

Penalty proceeding u/s. 271(1)(c) of the Act is initiated separately. 7. Subject to above discussion, the total income of the assessee is computed as follows:- Computation of Total Income:- Income as per return Rs. 34,013/- Add:- Undisclosed working capital (As discussed in para-6) Rs.3,17,30,247/- Total income:- Rs.3,17,64,260/- Calculation

ACIT, CC-1(1), KOLKATA, KOLKATA vs. M/S HARIRAM JAGDISH PRASAD, KOLKATA

In the result, the appeals of the revenue are dismissed

ITA 1487/KOL/2015[2010-2011]Status: DisposedITAT Kolkata13 Apr 2018AY 2010-2011

Bench: Sri J. Sudhakar Reddy, Hon’Ble & Sri S.S. Viswanethra Ravi] I.T.A. No. 1483/Kol/2015 Assessment Year: 2006-07 I.T.A. No. 1484/Kol/2015 Assessment Year: 2007-08 I.T.A. No. 1485/Kol/2015 Assessment Year: 2009-10 I.T.A. No. 1486/Kol/2015 Assessment Year: 2010-11 I.T.A. No. 1487/Kol/2015 Assessment Year: 2012-13

Section 140ASection 234ASection 234A(3)Section 234BSection 234B(3)Section 234CSection 250Section 271(1)(c)

Penalty proceeding u/s. 271(1)(c) of the Act is initiated separately. 7. Subject to above discussion, the total income of the assessee is computed as follows:- Computation of Total Income:- Income as per return Rs. 34,013/- Add:- Undisclosed working capital (As discussed in para-6) Rs.3,17,30,247/- Total income:- Rs.3,17,64,260/- Calculation

M/S VODAFONE EAST LTD.(FORMERLY KNOWN AS VODAFONE ESSAR EAST LIMITED),KOLKATA vs. A.D.I.T RANGE - 7,KOL., KOLKATA

In the result, the appeal of the revenue in ITA No

ITA 1864/KOL/2012[2009-10]Status: DisposedITAT Kolkata15 Sept 2015AY 2009-10

Bench: Shri Mahavir Singh & Shri M. Balaganesh

Section 143(3)Section 194ISection 40

234B and Levy of Penalty u/s 271(1)(c ) of the Act These grounds are only consequential in nature to the aforesaid grounds and hence not adjudicated herein. We also hold in respect of levy of penalty u/s 271(1)(c ) of the Act that the aforesaid issues had reached the corridors of several tribunals and courts and that itself