VASAI VIKAS SAHAKARI BANK LIMITED,VASAI, THANE vs. INCOME TAX OFFICER CIRCLE-3, THANE, QURESHI MANSION, GOKHALE ROAD, THANE

In the result, appeal of the assessee is accordingly allowed

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2008-09 Vasai Vikas Sahakari Bank Limited Income Tax Officer Circle-3 Opp New English School, Vasai, Qureshi Mansion, Gokhale Mumbai-401201 Vs. Road, Mumbai- 400602 Pan No. Aaaav 0519 Q Appellant Respondent

928/- including addition of provision for levy encashment of Rs. 66,00,000/-. The Assessing officer, accordingly issued show cause notice to the assessee as why the penalty corresponding to the said addition of Rs. 66,00,000/- might not be levied for filing inaccurate particulars in return of income. In response, the assessee submitted that said claim for provision

SUJATA PRAMOD DALVI,THANE vs. DCIT CC , THANE

In the result assessee’sground no

Bench: Shri B.R. Baskaran & Shri Anikesh Banerjee

penalty u/s 271(l)(c) even though no income is concealed & C1T(A) erred in confirming the same.” 2.4. In addition to above grounds, the assessee also filed the following additional grounds of appeal: - “Without prejudice to the grounds of appeals appended to the appeal memo the appellant seeks to raise the following additional legal ground of appeal

MRS SUJATA PRAMOD DALVI,THANE vs. DCIT CC, THANE

In the result assessee’sground no

Bench: Shri B.R. Baskaran & Shri Anikesh Banerjee

penalty u/s 271(l)(c) even though no income is concealed & C1T(A) erred in confirming the same.” 2.4. In addition to above grounds, the assessee also filed the following additional grounds of appeal: - “Without prejudice to the grounds of appeals appended to the appeal memo the appellant seeks to raise the following additional legal ground of appeal

PRAMOD MUKUND DALVI,VIRAR vs. DCIT CENTRAL CIRCLE, THANE

In the result assessee’sground no

Bench: Shri B.R. Baskaran & Shri Anikesh Banerjee

penalty u/s 271(l)(c) even though no income is concealed & C1T(A) erred in confirming the same.” 2.4. In addition to above grounds, the assessee also filed the following additional grounds of appeal: - “Without prejudice to the grounds of appeals appended to the appeal memo the appellant seeks to raise the following additional legal ground of appeal

PRAMOD MUKUND DALVI,MUMBAI vs. DCIT CENTRAL CIRCLE, THANE

In the result assessee’sground no

Bench: Shri B.R. Baskaran & Shri Anikesh Banerjee

penalty u/s 271(l)(c) even though no income is concealed & C1T(A) erred in confirming the same.” 2.4. In addition to above grounds, the assessee also filed the following additional grounds of appeal: - “Without prejudice to the grounds of appeals appended to the appeal memo the appellant seeks to raise the following additional legal ground of appeal

DCIT, CENTRAL CIRCLE-1, THANE, THANE vs. SUJATA PRAMOD DALVI, VIRAR EAST

In the result assessee’sground no

Bench: Shri B.R. Baskaran & Shri Anikesh Banerjee

penalty u/s 271(l)(c) even though no income is concealed & C1T(A) erred in confirming the same.” 2.4. In addition to above grounds, the assessee also filed the following additional grounds of appeal: - “Without prejudice to the grounds of appeals appended to the appeal memo the appellant seeks to raise the following additional legal ground of appeal

PRAMOD MUKUND DALVI,MUMBAI vs. DCIT CENTRAL CIRCLE , THANE

In the result, the appeal of the revenue is dismissed & appeal of the assessee\npartly allowed

penalty u/s 271(l)(c) even\nthough no income is concealed & C1T(A) erred in confirming the same.”\n2.4. In addition to above grounds, the assessee also filed the following additional\ngrounds of appeal: -\n“Without prejudice to the grounds of appeals appended to the appeal memo the\nappellant seeks to raise the following additional legal ground of appeal

SUJATA PRAMOD DALVI,THANE vs. DCIT CC, THANE

In the result, appeal of the revenue ITA No

penalty u/s 271(l)(c) even\nthough no income is concealed & C1T(A) erred in confirming the same.”\n2.4. In addition to above grounds, the assessee also filed the following additional\ngrounds of appeal: -\n“Without prejudice to the grounds of appeals appended to the appeal memo the\nappellant seeks to raise the following additional legal ground of appeal

SUJATA PRAMOD DALVI,THANE vs. DCIT CC, THANE

In the result, appeal of the revenue ITA No

penalty u/s 271(l)(c) even\nthough no income is concealed & C1T(A) erred in confirming the same.”\n2.4. In addition to above grounds, the assessee also filed the following additional\ngrounds of appeal: -\n“Without prejudice to the grounds of appeals appended to the appeal memo the\nappellant seeks to raise the following additional legal ground of appeal

MR PRAMOD MUKUND DALVI,MUMBAI vs. DCIT CENTRAL CIRCLE-1, THANE

In the result, appeal of the revenue ITA No

penalty u/s 271(l)(c) even\nthough no income is concealed & C1T(A) erred in confirming the same.”\n2.4. In addition to above grounds, the assessee also filed the following additional\ngrounds of appeal: -\n“Without prejudice to the grounds of appeals appended to the appeal memo the\nappellant seeks to raise the following additional legal ground of appeal

OM DEVELOPERS,THANE vs. DCIT CC , THANE

penalty u/s 271(l)(c) even\nthough no income is concealed & C1T(A) erred in confirming the same.”\n2.4. In addition to above grounds, the assessee also filed the following additional\ngrounds of appeal: -\n“Without prejudice to the grounds of appeals appended to the appeal memo the\nappellant seeks to raise the following additional legal ground of appeal

SUJATA PRAMOD DALVI,THANE vs. DCIT CC, THANE

In the result, the appeal of the revenue is dismissed & appeal of the assessee\npartly allowed

penalty u/s 271(l)(c) even\nthough no income is concealed & C1T(A) erred in confirming the same.”\n2.4. In addition to above grounds, the assessee also filed the following additional\ngrounds of appeal: -\n“Without prejudice to the grounds of appeals appended to the appeal memo the\nappellant seeks to raise the following additional legal ground of appeal

PRAMOD MUKUND DALVI,THANE vs. DCIT CC, THANE

In the result, appeal of the revenue ITA No

penalty u/s 271(l)(c) even\nthough no income is concealed & C1T(A) erred in confirming the same.”\n2.4. In addition to above grounds, the assessee also filed the following additional\ngrounds of appeal: -\n“Without prejudice to the grounds of appeals appended to the appeal memo the\nappellant seeks to raise the following additional legal ground of appeal

PRAMOD MUKUND DALVI,THANE vs. DCIT CENTRAL CIRCLE, THANE

penalty u/s 271(l)(c) even\nthough no income is concealed & C1T(A) erred in confirming the same.”\n2.4. In addition to above grounds, the assessee also filed the following additional\ngrounds of appeal: -\n“Without prejudice to the grounds of appeals appended to the appeal memo the\nappellant seeks to raise the following additional legal ground of appeal

RAKHI ANANT SAWANT,MUMBAI vs. I.T.O. 11(1)(3), MUMBAI

Bench: Shri Kuldip Singh & Shri Gagan Goyalassessment Year: 2006-07

928 days in filing the appeal, hence the same is hereby condoned. So this appeal is ordered to be registered and taken up for disposal on merits. 5. The assessee by filing the present appeal, sought to set aside the impugned order dated 15.05.2019 passed by the Ld. CIT(A) qua the assessment year 2006-07 on the grounds inter

LANXESS INDIA P.LTD,THANE vs. DCIT CIR 1, THANE

In the result, the appeal of the assessee

Bench: Shri Om Prakash Kant () & Shri Kavitha Rajagopal () Assessment Year: 2011-12 Lanxess India Pvt. Ltd., Dy. Cit, Circle-1, Lanxess House, Plot No. Room No. 22, 6Th Floor, B A/162-164, Road No. 27, Vs. Wing Asher It Park, Road, Wagle Estate, Opp. Iti College, 16-Z, Wagle Industrial Midc, Thane (West)-400 604. Estate, Thane (West)-400604. Pan No. Aaccb 3880 A Appellant Respondent Assessment Year: 2011-12 Dy. Cit, Circle-1, Lanxess India Pvt. Ltd., Room No. 22, 6Th Floor, B Wing Lanxess House, Plot No. Asher It Park, Road, 16-Z, Vs. A/162-164, Road No. 27, Wagle Industrial Estate, Thane Wagle Estate, Opp. Iti (West)-400604. College, Midc, Thane (West)- 400 604. Pan No. Aaccb 3880 A Appellant Respondent

section 92C(2) of the IT Act is concerned, we are not in 92C(2) of the IT Act is concerned, we are not in 92C(2) of the IT Act is concerned, we are not in agreement with the working made by the assessee. The agreement with the working made by the assessee. The agreement with the working made

DCIT CIR 1, THANE vs. LAXCESS INDIA P.LTD, THANE

In the result, the appeal of the assessee

Bench: Shri Om Prakash Kant () & Shri Kavitha Rajagopal () Assessment Year: 2011-12 Lanxess India Pvt. Ltd., Dy. Cit, Circle-1, Lanxess House, Plot No. Room No. 22, 6Th Floor, B A/162-164, Road No. 27, Vs. Wing Asher It Park, Road, Wagle Estate, Opp. Iti College, 16-Z, Wagle Industrial Midc, Thane (West)-400 604. Estate, Thane (West)-400604. Pan No. Aaccb 3880 A Appellant Respondent Assessment Year: 2011-12 Dy. Cit, Circle-1, Lanxess India Pvt. Ltd., Room No. 22, 6Th Floor, B Wing Lanxess House, Plot No. Asher It Park, Road, 16-Z, Vs. A/162-164, Road No. 27, Wagle Industrial Estate, Thane Wagle Estate, Opp. Iti (West)-400604. College, Midc, Thane (West)- 400 604. Pan No. Aaccb 3880 A Appellant Respondent

section 92C(2) of the IT Act is concerned, we are not in 92C(2) of the IT Act is concerned, we are not in 92C(2) of the IT Act is concerned, we are not in agreement with the working made by the assessee. The agreement with the working made by the assessee. The agreement with the working made

LAXMI DIAMONDS ,SURAT vs. ACIT, CC-1(3), MUMBAI

In the result, view of our judgment in ITA No

Bench: Shri N. K. Choudhry, Jm

Penalty proceedings u/s 271(1)(c) of the I T Act are initiated separately for filing of inaccurate particulars of income. 6. The Assessee being aggrieved challenged the reopening of the assessment as well as said additions before the Ld. Commissioner, who not only confirmed the reopening of the assessment u/s 147 r.w.s. 148 of the Act but also affirmed