SHORELINE HOTEL P. LTD.,MUMBAI vs. DY CIT CC-1(2), MUMBAI

In the result, appeal is allowed

Bench: Shri G. S. Pannu, Hon’Ble & Shri Saktijit Dey, Hon’Bleassessment Year: 2008-09 Shoreline Hotel Pvt. Ltd., Dcit, Central Circle- 1(2), 29 Dar-Ul.Habib, Marine Drive, Old Cgo Building, 9Th Floor, Churchgate, Churchgate, Mumbai - 400020 Vs. Mumbai - 400020 Pan: Aabcs1380B (Appellant) (Respondent) Assessee By : Shri Vijay Mehta (Ar) Revenue By : Shri Rajneesh Yadav (Dr) Date Of Hearing : 21/10/2021 Date Of Pronouncement: 16/12/2021

u/s 271(1) (c] due to both the limbs of concealment and furnishing of inaccurate particulars being established.” As could be seen from the above quoted portion, learned Departmental Representative has tried to make out a case that the assessing officer had intended to levy penalty under both the limbs of section 271(1)(c) of the Act. This submission

SHORELINE HOTEL LTD.,MUMBAI vs. DY CIT CC-1(2), MUMBAI

In the result, appeal is allowed

u/s 271(1) (c] due to Shoreline Hotel Ltd, Mumbai. both the limbs of concealment and furnishing of inaccurate particulars being established.” As could be seen from the above quoted portion, learned Departmental Representative has tried to make out a case that the assessing officer had intended to levy penalty under both the limbs of section 271

THAKKAR POPATLAL VELJI SALES LTD.,PANVEL vs. DCIT, CENTRAL CIRCLE 25, MUMBAI

In the result, the appeal filed by the assessee company is allowed

Bench: Shri Amit Shukla & Shri Rajesh Kumarआयकर अपील सं./I.T.A. No. 5796/Mum/2013 ("नधा"रण वष" / Assessment Year : 2007-08)

206 (Raigad) "थायी लेखा सं./PAN :AABCT7939D (अपीलाथ" /Appellant) .. (""यथ" / Respondent) Assessee by Shri Neel Khandelwal Revenue by : Shri M.C. Omi Ningshan सुनवाई क" तार"ख /Date of Hearing : 14-12-2016 घोषणा क" तार"ख /Date of Pronouncement : 13-01-2017 आदेश / O R D E R PER AMIT SHUKLA, JUDICIAL MEMBER: The aforesaid appeal has been filed

NANDKISHOR & CO.,MUMBAI vs. ASST CIT CIR 4(2), MUMBAI

In the result, the appeal filed by the assessee-firm in ITA N0

Bench: Shri Saktijit Dey & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 8644/Mum/2011 ("नधा"रण वष" / Assessment Year : 2005-06) Nandkishore & Co., Acit 4(2), बनाम/ Unit No. 208/209, 6 Th Floor, V. Wadala Udyog Bhavan, Aayakar Bhavan, Next To Wadala Telephone M.K. Road, Exchange, Mumbai- 400020. Dadar (E), Mumbai – 400 031. "थायी लेखा सं./Pan : Aaafn5385K .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

Section 271(1)(c) of the Act vide penalty orders 29.3.2010 passed u/s 271(1)(c) of the Act. 4. Aggrieved by the levy of penalty of Rs.8,36,850/- on the assessee-firm vide penalty orders dated 29.3.2010 passed by AO u/s 271(1)(c) of the Act , the assessee-firm carried the matter before the learned

CIFCO FINANCE LTD.,MUMBAI vs. ACIT (OSD II) CIR.7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

M/S. CIFCO FINANCE LTD.,MUMBAI vs. ACIT (OSD-II) CR.-7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

M/A. CIFCO FINANCE LTD,MUMBAI vs. THE ACIT (OSD II) CR-7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

CIFCO FINANCE LTD,MUMBAI vs. ACIT (OSD-II) CR 7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

CIFCO FINANCE LTD,MUMBAI vs. ASST CIT (OSD-II) CIR 7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

M/S. CIFCO FINANCE LTD.,MUMBAI vs. ACIT (OSD-II) CR-7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

M/S. CIFCO FINANCE LTD.,MUMBAI vs. ACIT (OSD-II) CR-7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

CIFCO FINANCE LTD,MUMBAI vs. DCIT (OSD-II) CR-7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

CIFCO FINANCE LTD,MUMBAI vs. ACIT (OSD II), CR 7,, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

CIFCO FINANCE LTD,MUMBAI vs. DCIT (OSD-II) CR-7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

M/S. CIFCO FINANCE LTD.,MUMBAI vs. ACIT (OSD-II) CR-7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

M/S. CIFCO FINANCE LTD.,MUMBAI vs. ACIT (OSD-II) CR-7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

ACIT (OSD-II) CENT. RG. - 7, MUMBAI vs. M/S. CIFCO FINANCE LTD., MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method

CIFCO FINANCE LTD.,MUMBAI vs. ACIT (OSD II) CIR.7, MUMBAI

In the result all 16 appeals related to the assessee are disposed off

Bench: The Income Tax Appellate Tribunal C Bench Mumbai Before Sri Amit Shukla J M & Prashant Maharishi Am In The Matter Of Cifco Finance Limited, [ Aaacc1765F] Bhupen Chambers, Dalal Street, Mumbai V The Asst Commissioner Of Income Tax Aykar Bhavan 4Th Floor , M K Road Mumbai 20

u/s 271 (1) © of the act of ₹ 4,206,590/– by the order dated 22/11/2012. 60. We have already stated the facts of the case in deciding the quantum appeal of the assessee. The penalty has been levied on disallowance of interest of ₹ 215,821/–, depreciation disallowed of ₹ 110,698/–, addition made on account of change in the method