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9 results for “penalty u/s 271”+ Section 133Aclear

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Key Topics

Section 153A21Section 143(3)14Section 133A9Addition to Income9Section 1328Section 143(1)8Survey u/s 133A8Section 234A7Section 139(1)7

SHRI AJAYKUMAR BATRA,,BANDARA vs. THE ACIT, CIRCLE- 7,, NAGPUR

In the result, the appeal of the assessee is allowed

ITA 19/NAG/2015[2010-11]Status: DisposedITAT Nagpur25 Apr 2019AY 2010-11

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita No.19/Nag/2015 िनधा"रण वष" / Assessment Year : 2010–11 Ajaykumar Batra, Prop. M/S. Saibaba Construction, Rajgopalchari Ward, Bandara-441904. .......अपीलाथ" / Appellant Pan : Abjpa9287H बनाम / V/S. Acit, Circle-7, ……""यथ" / Respondent Nagpur. Assessee By : Shri Kailash M. Jogani, Ca & Shri Mukesh R. Agarwal, Adv. Revenue By : Shri U. U. Kasar, Jt. Cit सुनवाई क" तारीख / Date Of Hearing : 29.03.2019 घोषणा क" तारीख / Date Of Pronouncement : 25.04.2019 आदेश / Order Per D. Karunakara Rao, Am: This Appeal Is Filed By The Assessee Against The Order Of Cit(A)-Ii, Nagpur Dated 22.09.2014 For The Assessment Year 2010-11. 2 2. The Grounds Raised By The Assessee Are As Under :- “1. The Order Passed Is Illegal, Invalid & Bad In Law. 2. The Act Of Learned A.O. Levying The Penalty Of Rs.16,97,544/- U/S 271(1)(C) Is Unjustified. 3. The Learned A.O. Erred In Charging Penalty U/S 271(1)(C) For Concealment Of Income. But There Is No Concealment At All. The Income Offered U/S. 133A Was Jut To Cover Up The Discrepancies, Avoid Further Litigation & To Buy A Peace. 4. Any Other Ground Shall Be Prayed At The Time Of Hearing.”

For Appellant: Shri Kailash M. Jogani, CA &For Respondent: Shri U. U. Kasar, Jt. CIT
Section 133ASection 143(1)Section 271(1)
Section 271(1)(c)6
Section 271(1)(c)

271(1)(c) for concealment of income. But there is no concealment at all. The income offered u/s. 133A was jut to cover up the discrepancies, avoid further litigation and to buy a peace. 4. Any other ground shall be prayed at the time of hearing.” 3. Briefly stated the relevant facts include that the assessee is engaged

SHRI SANJAY DHANRAJ JAIN,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), NAGPUR

ITA 57/NAG/2022[2014-15]Status: DisposedITAT Nagpur25 Feb 2025AY 2014-15

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Rajesh LoyaFor Respondent: Shri Sandipkumar Salunke
Section 132Section 133ASection 139(1)Section 143(1)Section 143(3)Section 153ASection 234A

271(1)(c) Tribunal deleted the impugned addition as well as the penalty imposed on the grounds that (i) assessee have given the names and addresses of the creditors, (ii) it had also produced before ITO letters of confirmation, the discharged hundis and particulars of the different creditors including their general index numbers with the Income-tax Department

SHRI SANJAY DHANRAJ JAIN,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), NAGPUR

ITA 55/NAG/2022[2012-13]Status: DisposedITAT Nagpur25 Feb 2025AY 2012-13
Section 132Section 133ASection 139(1)Section 143(1)Section 143(3)Section 153ASection 234A

271(1)(c) Tribunal deleted the impugned addition as well as the penalty imposed on the grounds that (i) assessee have given the names and addresses of the creditors, (ii) it had also produced before ITO letters of confirmation, the discharged hundis and particulars of the different creditors including their general index numbers with the Income-tax Department

SHRI SANJAY DHANRAJ JAIN,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), NAGPUR

ITA 56/NAG/2022[2013-14]Status: DisposedITAT Nagpur25 Feb 2025AY 2013-14

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Rajesh LoyaFor Respondent: Shri Sandipkumar Salunke
Section 132Section 133ASection 139(1)Section 143(1)Section 143(3)Section 153ASection 234A

133A was also carried out at the official premises of assessee M/s. SNJ & Associates at 1st Floor, Mangalam Icon, Ramnagar Square, Nagpur. During the course of survey, an Excel Sheet Annexure B-2 at Page no. 4 is found and impounded. The addition is made by AO based on such impounded document treating it as incriminating one. We object

SHRI SANJAY DHANRAJ JAIN,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), NAGPUR

ITA 59/NAG/2022[2017-18]Status: DisposedITAT Nagpur25 Feb 2025AY 2017-18

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Rajesh LoyaFor Respondent: Shri Sandipkumar Salunke
Section 132Section 133ASection 139(1)Section 143(1)Section 143(3)Section 153ASection 234A

271(1)(c) Tribunal deleted the impugned addition as well as the penalty imposed on the grounds that (i) assessee have given the names and addresses of the creditors, (ii) it had also produced before ITO letters of confirmation, the discharged hundis and particulars of the different creditors including their general index numbers with the Income-tax Department

SHRI SANJAY DHANRAJ JAIN,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), NAGPUR

ITA 58/NAG/2022[2015-16]Status: DisposedITAT Nagpur25 Feb 2025AY 2015-16

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Rajesh LoyaFor Respondent: Shri Sandipkumar Salunke
Section 132Section 133ASection 139(1)Section 143(1)Section 143(3)Section 153ASection 234A

271(1)(c) Tribunal deleted the impugned addition as well as the penalty imposed on the grounds that (i) assessee have given the names and addresses of the creditors, (ii) it had also produced before ITO letters of confirmation, the discharged hundis and particulars of the different creditors including their general index numbers with the Income-tax Department

SHRI SANJAY DHANRAJ JAIN,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), NAGPUR

ITA 54/NAG/2022[2011-12]Status: DisposedITAT Nagpur25 Feb 2025AY 2011-12

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Rajesh LoyaFor Respondent: Shri Sandipkumar Salunke
Section 132Section 133ASection 139(1)Section 143(1)Section 143(3)Section 153ASection 234A

271(1)(c) Tribunal deleted the impugned addition as well as the penalty imposed on the grounds that (i) assessee have given the names and addresses of the creditors, (ii) it had also produced before ITO letters of confirmation, the discharged hundis and particulars of the different creditors including their general index numbers with the Income-tax Department

SHRI SANJAY DHANRAJ JAIN,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), NAGPUR

ITA 53/NAG/2022[2010-11]Status: DisposedITAT Nagpur25 Feb 2025AY 2010-11

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Rajesh LoyaFor Respondent: Shri Sandipkumar Salunke
Section 132Section 133ASection 139(1)Section 143(1)Section 143(3)Section 153ASection 234A

133A was also carried out at the official premises of assessee M/s. SNJ & Associates at 1st Floor, Mangalam Icon, Ramnagar Square, Nagpur. During the course of survey, an Excel Sheet Annexure B-2 at Page no. 4 is found and impounded. The addition is made by AO based on such impounded document treating it as incriminating one. We object

DY. COMMISSIONER OF INCOME TAX, CENTRAL- CIRCLE-2(1), NAGPUR, NAGPUR vs. SHRI YASHWANT AJABRAO KHODKE, NAGPUR

In the result, Revenue’s appeal stands dismissed

ITA 6/NAG/2024[2014-15]Status: DisposedITAT Nagpur03 Mar 2025AY 2014-15

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Smt. Veena AgrawalFor Respondent: Shri Sandipkumar Salunke
Section 132Section 133ASection 139Section 153CSection 69C

section 153C of the Act, declaring the same amount of income of ` 42,17,640, which was declared earlier on 09/02/2015. Further, the Department had also issued several statutory notices requiring the assessee to furnish the information and documents in support of their reply. 5. During the search proceedings at the residential premise of Shri Roshan Dhore, Nagpur, one loose