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4 results for “penalty u/s 271”+ Section 36(1)(viia)clear

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Key Topics

Section 80P6Section 43D4Section 80P(2)(a)4Section 80P(2)(d)4Section 142(1)4Addition to Income3Section 144C(13)2Section 144C(5)2Section 271(1)(c)

DCIT, CIR-2(1), KOLKATA, KOLKATA vs. M/S ROYAL BANK OF SCOTLAND N.V., KOLKATA

Accordingly, the Ground Nos. (iv) to (vi) raised by the revenue are dismissed

ITA 503/KOL/2016[2012-2013]Status: DisposedITAT Kolkata05 Sept 2018AY 2012-2013

Bench: Hon’Ble Shri Aby. T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 503/Kol/2016 Assessment Year : 2011-12 Dcit (It), Circle-2(1), Kolkata -Vs- M/S Royal Bank Of Scotland N.V. [Pan: Aacca 6818 K] (Appellant) (Respondent) I.T.A No. 505/Kol/2016 Assessment Year : 2011-12 M/S Royal Bank Of Scotland N.V. -Vs- Dcit (It), Circle-2(1), Kolkata [Pan: Aacca 6818 K] (Appellant) (Respondent)

For Appellant: Shri R. N. Bajoria, ARFor Respondent: Shri G. Mallikarjuna, CIT DR
Section 144C(13)Section 144C(5)Section 43D

penalty u/s 271(1)(c ) of the Act which would be prematured to be adjudicated at this stage in view 17 M/s Royal Bank of Scotland N.V. A.Yr. 2011-12 of the decision rendered for various grounds stated hereinabove. Hence the said ground does not require any specific adjudication at this stage. 9. The Ground No. 8 raised

2

THE ROYAL BANK OF SCOTLAND N.V.,KOLKATA vs. DCIT, (IT) - 2(1), KOLKATA, KOLKATA

Accordingly, the Ground Nos. (iv) to (vi) raised by the revenue are dismissed

ITA 505/KOL/2016[2011-2012]Status: DisposedITAT Kolkata05 Sept 2018AY 2011-2012

Bench: Hon’Ble Shri Aby. T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 503/Kol/2016 Assessment Year : 2011-12 Dcit (It), Circle-2(1), Kolkata -Vs- M/S Royal Bank Of Scotland N.V. [Pan: Aacca 6818 K] (Appellant) (Respondent) I.T.A No. 505/Kol/2016 Assessment Year : 2011-12 M/S Royal Bank Of Scotland N.V. -Vs- Dcit (It), Circle-2(1), Kolkata [Pan: Aacca 6818 K] (Appellant) (Respondent)

For Appellant: Shri R. N. Bajoria, ARFor Respondent: Shri G. Mallikarjuna, CIT DR
Section 144C(13)Section 144C(5)Section 43D

penalty u/s 271(1)(c ) of the Act which would be prematured to be adjudicated at this stage in view 17 M/s Royal Bank of Scotland N.V. A.Yr. 2011-12 of the decision rendered for various grounds stated hereinabove. Hence the said ground does not require any specific adjudication at this stage. 9. The Ground No. 8 raised

DCIT, CIR-3(2), , PORT BLAIR vs. ANDAMAN & NICOBAR STATE CO-OPERATIVE BANK LTD.,, PORT BLAIR

Appeal is dismissed

ITA 576/KOL/2017[2012-13]Status: DisposedITAT Kolkata30 Nov 2018AY 2012-13

Bench: Shri S.S.Godara & Shri, M. Balaganeshassessment Year :2012-13 Dcit, Circle-3(2), Mb- V/S. Andaman & Nicobar State 210, Shaidpur, Port Co-Operative Bank Ltd., Blair-74416 Ma Road, Phoenix Bay, Port Blair-744101 [Pan No.Aaajt 1043 Q] .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Saurbh Kumar, Addl. Cit-Sr-Dr अपीलाथ" क" ओर से/By Appellant None ""यथ" क" ओर से/By Respondent 15-11-2018 सुनवाई क" तार"ख/Date Of Hearing 30-11-2018 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per S.S.Godara:- This Revenue’S Appeal For Assessment Year 2012-13 Arises Against The Commissioner Of Income Tax (Appeals)-1 Kolkata’S Order Dated 09.12.2016 Passed In Case No.1775/Cia-1/Circle-3(2)P.B/2014-15 Reviving Assessing Officer’S Action Imposing Penalty Of ¤56,31,415/- In Proceeding U/S 271(1)(C) Of The Income Tax Act, 1961; In Short ‘The Act’. Case Called Twice. None Appears At Assessee’S Behest. It Is Accordingly Proceed Ex Parte Against Assessee In The Instant Case. 2. The Revenue’S Sole Substantive Ground Pleaded In This Instant Appeal Seeks To Revive The Assessing Officer’S Action Imposing Penalty U/S 271(1)(C) Of ₹56,31,415/- In His Order Dated 26.08.2015 As Reversed In The Cit(A)’S Order Under Challenge As Follows:- “I Have Considered The A.O'S Finding & Perused The Written Submission Along With The Assessment Order. The A.O. Had Impose The Penalty Under Section

Section 271(1)(c)Section 36

u/s 271(1)(c) of ₹56,31,415/- in his order dated 26.08.2015 as reversed in the CIT(A)’s order under challenge as follows:- “I have considered the A.O's finding and perused the written submission along with the assessment order. The A.O. had impose the penalty Under Section ITA No.576/Kol/2017 A.Y. 2012-13 DCIT

GUNJA SAMABAY KRISHI UNNAYAN SAMITY LTD,PURULIA vs. PCIT,, ASANSOL

In the result, the appeal of the assessee is allowed

ITA 110/KOL/2021[2016-17]Status: DisposedITAT Kolkata28 Jun 2022AY 2016-17

Bench: Shri Aby T Varkey & Shri Girish Agrawalassessment Year: 2016-17 Gunja Samabay Krishi Pcit, Asansol Unnayan Samity Ltd. Vill. Gunja, Golbera, P.S. Vs. Joypur, Dist. Purulia, Pin. 723103 Pan: Aabag 2110 M (Appellant) (Respondent)

For Appellant: Shri M. Goenka, CAFor Respondent: Shri Sudipta Guha, CIT, DR
Section 142(1)Section 143(3)Section 263Section 80Section 80PSection 80P(2)(a)Section 80P(2)(d)Section 80P(2)(i)

Penalty proceeding u/s 271(1)(c) of the Income Tax Act 1961 is initiated separately for furnishing inaccurate particulars of income to the tune of Rs.5,35,081/-. 7. Disallowance of deduction claimed u/s 80P of the Act. (i) During the year under consideration the assessee has claimed deduction u/s 80P of the Act amounting