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3 results for “penalty u/s 271”+ Section 142A(1)clear

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Key Topics

Section 56(2)(vii)12Section 271(1)(c)9Section 43B7Section 143(3)3Penalty3Addition to Income3Section 1482Section 234A2Section 142A

DCIT 5(2), MUMBAI vs. JET AIRWAYS (I) LTD, MUMBAI

In the result, appeal of the assessee for AY 2003-04 being ITA No

ITA 6597/MUM/2014[2007-08]Status: DisposedITAT Mumbai01 Feb 2017AY 2007-08

Bench: S/Sh. Rajendra & Pawan Singhआयकर अपील सं/.Ita No.6596/Mum/2014,"नधा"रण वष"/Assessment Year-2003-04 Jet Airways (India) Ltd. Dcit-5(2) बनाम Siroya Centre, Sahar Airport Aayakar Bhavan, Road, Andheri (E), Mumbai-400020 Vs. Mumbai-400099. Pan: Aaacj0920H (अपीलाथ" /Appellant) (""यथ" / Respondent) आयकर अपील सं/.Ita No.6597/Mum/2014,"नधा"रण वष"/Assessment Year-2007-08 Dcit-5(2) Jet Airways (India) Ltd. बनाम Aayakar Bhavan, Siroya Centre, Sahar Airport Mumbai-400020 Road, Andheri (E), Vs. Mumbai-400099. Pan: Aaacj0920H (अपीलाथ" /Appellant) (""यथ" / Respondent) राज"व ओर से / Revenue By : Ms Anu Krishna Aggarwal With Alok Johri (Dr) "नधा"रती क" ओर से/ Assessee By : Shri Vijaya Mehta (Ar) सुनवाई क" तार"ख / Date Of Hearing : 05-01-2017 घोषणा क" तार"ख / Date Of Pronouncement : 01-02-2017 आयकर अ"ध"नयम, 1961 क" धारा 254(1) के अ"तग"त आदेश Order U/S.254(1)Of The Income-Tax Act,1961(Act) Per Pawan Singh, J.M. "या"यक सद"य Iou Iou Iou "संह के अनुसार: Iou 1. These Two Appeals By Assessee U/S 253 Of The Income Tax Act (The Act) Are Directed Against The Separate Orders Of Even Day Of Ld. Cit(A)-9, Mumbai Dated 28.08.2014 For Assessment Years (Ays) 2003-04 & 2007-08. 2. In Ita No. 6896/Mum/2014, The Assessee Has Raised The Following Grounds Of Appeal:

For Appellant: Shri Vijaya Mehta (AR)For Respondent: Ms Anu Krishna Aggarwal with Alok Johri (DR)
Section 143(3)Section 148Section 253
2
Section 254(1)
Section 271(1)(c)
Section 274
Section 43B

142A, the assessment was finalized wherein substantial addition on account of disallowance u/s 43B and addition on account of sale of scrap was made. On the said disallowance and addition, the penalty proceeding was initiated. No appeal was filed by assessee against the addition of sale on scrap. The substantial amount of the disallowance u/s 43B was sustained

SHAMOON AHMED MULLA,THANE vs. ITO WARD 2(4), MUMBAI

In the result, appeal of the assessee is allowed

ITA 6070/MUM/2024[2015-16]Status: DisposedITAT Mumbai10 Feb 2025AY 2015-16

Bench: Shri Sandeep Gosain & Shri Girish Agrawalassessment Year: 2015-16

For Appellant: Shri Akash Singh, AdvocateFor Respondent: Ms. Monika H. Pande, Sr.DR
Section 143(3)Section 271(1)(c)Section 56(2)(vii)

271(1)(c) of the Act without considering the fact that the penalty u/s.271(1)(c) of the Act cannot be applied as there is no furnishing of inaccurate particulars or concealment as there are well established documents and supporting provided to the Ld. AO during assessment.” 3. The sole issue raised by the assessee in this appeal

MRS. RUCHITA JINDAL,MUMBAI vs. DY COMM OF INCOME TAX, CENTRAL CIRCLE-3(3), MUMBAI

In the result, the appeal of the assessee is partly allowed

ITA 203/MUM/2023[2015-16]Status: DisposedITAT Mumbai17 May 2023AY 2015-16
For Appellant: Bhupendra ShahFor Respondent: C.T. Mathews
Section 142ASection 143(2)Section 148Section 234ASection 56(2)(vii)

section 56(2)(vii)(b). 4. In the facts and circumstances of the case and in law, the learned AO erred in making addition in AY 2015-16 instead of AY 2014-15. P a g e | 2 Mrs.Ruchita Jindal Vs. DCIT, CC 3(3) 5. In the facts and circumstances of the case and in law, the learned