RAJESH B, JAIN AS LEGAL OF BHANWARLAL M. JAIN,MUMBAI vs. WARD 19(1)(1), MUMBAI

Bench: Justice (Retd.) C V Bhadang & Shri Arun Khodpia, Am Ι.Τ.Α. No.1938/Mum/2024 (Assessment Year: 2008-09) Ι.Τ.Α. No.1937/Mum/2024 (Assessment Year: 2009-10) Ι.Τ.Α. No.1940/Mum/2024 (Assessment Year: 2010-11) Ι.Τ.Α. No.1939/Mum/2024 (Assessment Year: 2011-12) Ι.Τ.Α. No.1941/Mum/2024 (Assessment Year: 2012-13) Ι.Τ.Α. No.1942/Mum/2024 (Assessment Year: 2013-14) Ι.Τ.Α. No.1936/Mum/2024 (Assessment Year: 2014-15) Rajesh B. Jain As Legal Heir Of Bhanwarlal Jain, 171, 17Th Floor, Silver Arch, Petit Hall Compound, Nepeansea Road, Mumbai - 400006 Pan: Aafpj1924R Assessee -अपीलार्थी / Appellant Vs. Ito, Ward-19(1)(1), Piramal Chamber, Lalbaug, Mumbai-400012. Revenue - प्रत्यर्थी / Respondent : Assessee By : Shri Madhur Agarwal, Adv, Shri Fenil Bhat & Shri Sucheck Anchaliya, Ca

37. In view of the above, it is held that assessee has failed to offer bonafide explanation in respect of the committed default making this a fit case for levy of penalty, I am of view that the assessee is liable for penalty and the tax sought to be evaded' is computed pursuant to clause (iii) of section 271(1

RAJESH B. JAIN AS LEGAL HEIR OF BHANWARLAL M JAIN,MUMBAI vs. INCOME TAX OFFICER, WARD-19(1)(1), MUMBAI

Bench: Justice (Retd.) C V Bhadang & Shri Arun Khodpia, Am

37. In view of the above, it is held that assessee has failed to offer bonafide explanation in respect of the committed default making this a fit case for levy of penalty, I am of view that the assessee is liable for penalty and the tax sought to be evaded' is computed pursuant to clause (iii) of section 271(1

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

u/s 271(1)(c) of the Act is upheld. Accordingly, the grounds of the revenue are dismissed. 8. In the result, appeal of the revenue is dismissed” 18. In view of the above, we hold that the order passed by the Learned CIT(A) deleting penalty of INR. INR.1,76,210/- levied under Section 271(1

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

u/s 271(1)(c) of the Act is upheld. Accordingly, the grounds of the revenue are dismissed. 8. In the result, appeal of the revenue is dismissed” 18. In view of the above, we hold that the order passed by the Learned CIT(A) deleting penalty of INR. INR.1,76,210/- levied under Section 271(1

DCIT 3(1)(1),MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD, MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

u/s 271(1)(c) of the Act is upheld. Accordingly, the grounds of the revenue are dismissed. 8. In the result, appeal of the revenue is dismissed” 18. In view of the above, we hold that the order passed by the Learned CIT(A) deleting penalty of INR. INR.1,76,210/- levied under Section 271(1

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

u/s 271(1)(c) of the Act is upheld. Accordingly, the grounds of the revenue are dismissed. 8. In the result, appeal of the revenue is dismissed” 18. In view of the above, we hold that the order passed by the Learned CIT(A) deleting penalty of INR. INR.1,76,210/- levied under Section 271(1

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

u/s 271(1)(c) of the Act is upheld. Accordingly, the grounds of the revenue are dismissed. 8. In the result, appeal of the revenue is dismissed” 18. In view of the above, we hold that the order passed by the Learned CIT(A) deleting penalty of INR. INR.1,76,210/- levied under Section 271(1

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

u/s 271(1)(c) of the Act is upheld. Accordingly, the grounds of the revenue are dismissed. 8. In the result, appeal of the revenue is dismissed” 18. In view of the above, we hold that the order passed by the Learned CIT(A) deleting penalty of INR. INR.1,76,210/- levied under Section 271(1

DCIT-3(1)(1), MUMBAI, MUMBAI vs. RELCON INFRAPROJECTS LTD., MUMBAI

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

u/s 271(1)(c) of the Act is upheld. Accordingly, the grounds of the revenue are dismissed. 8. In the result, appeal of the revenue is dismissed” 18. In view of the above, we hold that the order passed by the Learned CIT(A) deleting penalty of INR. INR.1,76,210/- levied under Section 271(1

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

37(1) Rs. 15,42,998/- 3. Disallowance u/s 40(a)(ia) Rs. 3,63,160/- 4. Suo moto disallowance of excess depreciation In ROI filed u/s 153A Rs. 12,28,685/- 5.Disallowance interest U/s 36(1)(iii) Rs. 30,88,040/- Rs. 73,82,883/- The Ld. CIT(A) deleted the penalty relating to the disallowance under section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

37(1) Rs. 15,42,998/- 3. Disallowance u/s 40(a)(ia) Rs. 3,63,160/- 4. Suo moto disallowance of excess depreciation In ROI filed u/s 153A Rs. 12,28,685/- 5.Disallowance interest U/s 36(1)(iii) Rs. 30,88,040/- Rs. 73,82,883/- The Ld. CIT(A) deleted the penalty relating to the disallowance under section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT -CENTRAL CIRCLE -1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

37(1) Rs. 15,42,998/- 3. Disallowance u/s 40(a)(ia) Rs. 3,63,160/- 4. Suo moto disallowance of excess depreciation In ROI filed u/s 153A Rs. 12,28,685/- 5.Disallowance interest U/s 36(1)(iii) Rs. 30,88,040/- Rs. 73,82,883/- The Ld. CIT(A) deleted the penalty relating to the disallowance under section

TRIG DETECTIVES PVT LTD ,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

37(1) Rs. 15,42,998/- 3. Disallowance u/s 40(a)(ia) Rs. 3,63,160/- 4. Suo moto disallowance of excess depreciation In ROI filed u/s 153A Rs. 12,28,685/- 5.Disallowance interest U/s 36(1)(iii) Rs. 30,88,040/- Rs. 73,82,883/- The Ld. CIT(A) deleted the penalty relating to the disallowance under section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

37(1) Rs. 15,42,998/- 3. Disallowance u/s 40(a)(ia) Rs. 3,63,160/- 4. Suo moto disallowance of excess depreciation In ROI filed u/s 153A Rs. 12,28,685/- 5.Disallowance interest U/s 36(1)(iii) Rs. 30,88,040/- Rs. 73,82,883/- The Ld. CIT(A) deleted the penalty relating to the disallowance under section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT-CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

37(1) Rs. 15,42,998/- 3. Disallowance u/s 40(a)(ia) Rs. 3,63,160/- 4. Suo moto disallowance of excess depreciation In ROI filed u/s 153A Rs. 12,28,685/- 5.Disallowance interest U/s 36(1)(iii) Rs. 30,88,040/- Rs. 73,82,883/- The Ld. CIT(A) deleted the penalty relating to the disallowance under section

TRIG DETECTIVES PVT LTD,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result, the appeals filed by the assessee bearing ITA Nos

Bench: Shri Anikesh Banerjee & Shri Prabhash Shankar

37(1) Rs. 15,42,998/- 3. Disallowance u/s 40(a)(ia) Rs. 3,63,160/- 4. Suo moto disallowance of excess depreciation In ROI filed u/s 153A Rs. 12,28,685/- 5.Disallowance interest U/s 36(1)(iii) Rs. 30,88,040/- Rs. 73,82,883/- The Ld. CIT(A) deleted the penalty relating to the disallowance under section

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT, CENTRAL CIRCLE 1(2), MUMBAI

In the result all appeals of the assesses from AY 2014-15 to AY\n2020-21 are partly allowed

penalty u/s 271(1)(c) of the Act might not be levied for\nfurnishing inaccurate particulars of the income.\n4.5 With regard to the disallowance of “salary and wages expenses\n" amounting to Rs.14,22,444/- and disallowance of “administrative\nexpenses” amounting to Rs.2,17,162/- made u/s 37(1) of the Act,\nthe assessee submitted that same was made

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

section 153A of the Act, the AO did not make any separate additions did not make any separate additions, but issued did not make any separate additions eedings u/s 271(1)(c) of the Act for furnishing the penalty proceedings u/s 271(1)(c) of the Act eedings u/s 271(1)(c) of the Act inaccurate particulars of the income