DCIT(CENTRAL CIRCLE)-7(1), MUMBAI vs. PANTHER INVESTRADE LIMITED, MUMBAI

In the result, both the Cross appeals no

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

2. On the facts and in the circumstances of the case, the learned CIT(A) erred in deleting the penalty under section 271(1)(c) of the Income Tax Act, 1961, merely on technical grounds, without considering the substantive merits of the case, and failed to follow the principles laid down by the Hon’ble Delhi High Court

DCIT, CENTRAL CIRCLE - 7(1), MUMBAI , MUMBAI vs. TRIUMPH SECURITIES LTD, MUMBAI

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

Section 254\nof the Act. in both the paragraphs, the AO had mentioned that the penalty proceedings uls\n271(1)(c) of the Act were being initiated for furnishing inaccurate particulars and concealment\nof income. The AO has stated in paras 2 and 4.1 of the impugned penalty order that the penalty\nproceedings u/s 271

EVEREST KANTO CYLINDER LTD,MUMBAI vs. DCIT CIRCLE 3(4), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Rahul Chaudhary & Shri Prabhash Shankareverest Kanto Cylinder V/S. Deputy Commissioner Of Ltd. बनाम Income Tax, Circle – 3(4), 204,Raheja Centre, Free World Trade Centre 1, Cuffe Press Journal Marg, Parade, Mumbai – 400005, Nariman Point, Mumbai – Maharashtra 400 021, Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaace0836F Appellant/अपीलार्थी .. Respondent/प्रतिवादी

Section 254 of the Act. in both the paragraphs, the AO had mentioned that the penalty proceedings uls 271(1)(c) of the Act were being initiated for furnishing inaccurate particulars and concealment of income. The AO has stated in paras 2 and 4.1 of the impugned penalty order that the penalty proceedings u/s

THE RUBY MILLS LIMITED,MUMBAI vs. DCIT, CIRCLE - 8(3)(1), MUMBAI

In the result, the substantial ground of appeal is allowed

Bench: Shri Pawan Singh & Shri Prabhash Shankar(Physical Hearing) The Ruby Mills Limited Dcit, Circle – 8(3)(1), 11Th Floor, Ruby House A, J.K. Sawant Vs Aayakarbhawan,Mumbai-400020. Marg, Dadar West, Mumbai – 400028. [Pan No. Aaact0220G] Appellant / Assessee Respondent / Revenue

section 254(1) of Income Tax Act PER PAWAN SINGH, JUDICIAL MEMBER: 1. This appeal by assessee is directed against the order of ld. CIT(A)/ NFAC dated 20.02.2025 for AY 2012-13. The assessee has following grounds of appeal: 1. On the facts and in the circumstances of the appellant company's case and in law, the Ld. Commissioner

M.LAKHAMSI& CO. ,MUMBAI vs. DY. COMMISSIONER OF INCOME TAX 17(1), MUMBAI

In the result, the appeal of the assessee is allowed

Section 254 of the Act. in both the paragraphs, the AO had mentioned\nthat the penalty proceedings uls 271(1)(c) of the Act were being initiated for\nfurnishing inaccurate particulars and concealment of income. The AO has\nstated in paras 2 and 4.1 of the impugned penalty order that the penalty\nproceedings u/s

THERMO FISHER SCIENTIFIC INDIA PVT LTD. ,MUMBAI vs. DCIT-15(3)(1), MUMBAI

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

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2009-10 Thermo Fisher Scientific India Dy. Cit-15(3)(1), Pvt. Ltd., Room No. 360, Aayakar Vs. 403-404, ‘B’ Wing, Delphi, Bhavan, New Marine Lines, Hiranandani Business Park, Mumbai-400020. Mumbai-400076. Pan No. Aabct 3207 A Appellant Respondent

penalty proceedings under section 271(1)(c) of the IT Act. 271(1)(c) of the IT Act. 2. Briefly stated facts of the case are that Briefly stated facts of the case are that the assessee i.e. M/s the assessee i.e. M/s Thermo Fisher Scientific India Private Limited (previously "Thermo Thermo Fisher Scientific India Private Limited (previously "Thermo Thermo

SHRI NARENDRA S SHAH,MUMBAI vs. DCIT, CC- 2(2), , MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

section 201(1) of the Act. The ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for statistical purposes. statistical purposes. Shri Narendra S Shah ITA Nos. 2005 to 2007/M/ 2004/M/2004

SHRI NARENDRA S SHAH,MUM vs. DCIT, CC-2(2), , MUM

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

section 201(1) of the Act. The ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for statistical purposes. statistical purposes. Shri Narendra S Shah ITA Nos. 2005 to 2007/M/ 2004/M/2004

SHRI NARENDRA S SHAH,MUM vs. DCIT, CC-2(2),, MUM

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

section 201(1) of the Act. The ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for statistical purposes. statistical purposes. Shri Narendra S Shah ITA Nos. 2005 to 2007/M/ 2004/M/2004

SHRI NARENDRA S SHAH ,MUMBAI vs. DCIT, CEN CIR-(2), , MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

section 201(1) of the Act. The ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for statistical purposes. statistical purposes. Shri Narendra S Shah ITA Nos. 2005 to 2007/M/ 2004/M/2004

DCIT, CC-2(2),, MUM vs. SHRI NARENDRA S SHAH, MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

section 201(1) of the Act. The ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for statistical purposes. statistical purposes. Shri Narendra S Shah ITA Nos. 2005 to 2007/M/ 2004/M/2004

SHRI NARENDRA S SHAH,MUMBAI vs. DCIT, CC-2(2),, MUMBAI

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

section 201(1) of the Act. The ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for statistical purposes. statistical purposes. Shri Narendra S Shah ITA Nos. 2005 to 2007/M/ 2004/M/2004

DCIT, CC-2(2), , MUM vs. SHRI NARENDRA S SHAH, MUM

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant ()

section 201(1) of the Act. The ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for ground No. 2 of the appeal of the assessee is accordingly allowed for statistical purposes. statistical purposes. Shri Narendra S Shah ITA Nos. 2005 to 2007/M/ 2004/M/2004

MUKON CONSTRUCTION PRIVATE LIMITED,MUMBAI vs. ACIT CIRCLE 7(1)(1), MUMBAI

In the result, the appeal of the assessee is allowed

Section 254 of the Act. in both the paragraphs, the AO had mentioned\nthat the penalty proceedings uls 271(1)(c) of the Act were being initiated for\nfurnishing inaccurate particulars and concealment of income. The AO has\nstated in paras 2 and 4.1 of the impugned penalty order that the penalty\nPage 9\nITA No. 1152/Mum/2025\nA.Y

KAMINI KRISHNA KOTAK ,MUMBAI vs. ADDITIONAL / JOINT / DEPUTY / ASSISTANT COMMISSIONER OF INCOME TAX, DELHI

The appeals are allowed while Ground No

Bench: SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

254 of the Act, the penalty proceedings were initiated for furnishing inaccurate particulars of income. The relevant extract of the aforesaid assessment order reads as under: “9. As the assessee had not disclosed income correctly in the return of income, as discussed above, penalty proceedings under Section 271(1)(c) of the I.T.Act, 1961 is initiated separately for furnishing inaccurate

ANJALI NEERAJ HARDIKAR ,PUNE vs. PCIT (CENTRAL), MUMBAI-3, MUMBAI

In the result, the appeal filed by the assessee stands dismissed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankaranjali Neeraj Hardikar Vs. Pcit (Central) E/3, Vibhawari Apartments, 1901, 19Th Floor, Air Sahwas Society, Lane No.1, India Bldg, Nariman Karve Nagar – 411052. Point, Maharashtra – 400021. Pan/Gir No. Aafph0320K (Applicant) (Respondent)

254 of the Act was 3 Anjali Neeraj Hardikar, Mumbai passed by AO on 18.12.2019 assessing total income of the assessee. Further the penalty proceeding u/s 271(1)(c) of the Act initiated in respect of (1) Disallowance of professional and legal fee; (2) Receipts from Toyota & Lakozy (3) Personal expenses. Since the penalty u/s 271

ASSISTANT COMMISSIONER OF INCOME TAX, MUMBAI vs. NEVALES NETWORKS PRIVATE LIMITED, MUMBAI

In the result, the appeal of the Revenue is dismissed

Bench: Shri Vikram Singh Yadav & Shri Sandeep Singh Karhailassessment Year : 2013-14 Dcit, Circle-14(1)(1), M/S. Nevales Networks Pvt. Ltd., Room No. 432, 4Th Floor, The Capital, Aayakar Bhavan, Vs. Level 7, Plot-C70, M.K.Road, G Block, Mumbai-400020. Bandra Kurla Complex, Bandra (East), Mumbai-400051. Pan : Aadcn1748A (Appellant) (Respondent) Assessee By : Shri Piyush Chhajed Revenue By : Shri Leyaqat Ali Aafaqui

254/-us. 438 of the Income Tax Act, 1961" The Hon'ble Court held that the ambiguity with regard to the year of allowability of expenses for such a transition period should not be adversely viewed for the purpose of levy of penalty and more over all the particulars of payment and claim have been reported in the Audit report

THE BOMBAY DYEING & MANUFACTURING COMPANY LTD.,,MUMBAI vs. DCIT, C--2(1), MUMBAI, MUMBAI

Bench: Shri Aby T Varkey () & Shri Om Prakash Kant () - A.Y 2014-15 - A.Y 2015-16 Asst. Commissioner Of M/S Bombay Dyeing & Income-Tax 2(1)(1), Mumbai, Manufacturing Co. Ltd Room No.561, 5Th Floor, Vs. Neville House, Jn Herdia Aayakar Bhavan, M.K. Road, Marg, Ballard Estate, Mumbai-400 020 Mumbai-400 001 Pan No. Aaact 2328 K Appellant Respondent - A.Y 2014-15 - A.Y 2015-16 M/S Bombay Dyeing & Dy. Commissioner Of Income- Manufacturing Co. Ltd Tax 2(1), Mumbai, Room Neville House, Jn Herdia No.561, 5Th Floor, Aayakar Vs Marg, Ballard Estate, Bhavan, M.K. Road, Mumbai- Mumbai-400 001 400 020 Pan No. Aaact 2328 K Appellant Respondent

Penalty proceedings u/s 271(l)(c) of the Act is initiated separately. proceedings u/s 271(l)(c) of the Act is initiated separately. proceedings u/s 271(l)(c) of the Act is initiated separately.” 5.2 On appeal, the Ld.CIT(A) on the first issue of taxing entire On appeal, the Ld.CIT(A) on the first issue of taxing entire