PATLIPUTRA BUILDERS LIMITED,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the captioned appeals of the assessee for A

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm

Income Tax (Appeal) and also the learned Assessing Officer. Is based on presumption, surmises and conjectures.” 03. Assessee has further raised additional grounds: - i. That the penalty u/s 271

PATLIPUTRA BUILDERS LIMITED,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the captioned appeals of the assessee for A

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm

Income Tax (Appeal) and also the learned Assessing Officer. Is based on presumption, surmises and conjectures.” 03. Assessee has further raised additional grounds: - i. That the penalty u/s 271

PATLIPUTRA BUILDERS LTD,PATNA vs. ACIT CENTRAL CIRCLE-2, PATNA

In the result, all the captioned appeals of the assessee for A

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm

Income Tax (Appeal) and also the learned Assessing Officer. Is based on presumption, surmises and conjectures.” 03. Assessee has further raised additional grounds: - i. That the penalty u/s 271

PATLIPUTRA BUILDERS LIMITED,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the captioned appeals of the assessee for A

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm

Income Tax (Appeal) and also the learned Assessing Officer. Is based on presumption, surmises and conjectures.” 03. Assessee has further raised additional grounds: - i. That the penalty u/s 271

ASHOKA TUBEWELL BORING ENGINEERING & CONSTRUCTION,KOLKATA vs. DCIT, CC-2, PATNA

In the result, the appeal of the Revenue in ITA No

Penalty u/s. 271(1)(c) income returned & accepted by\nAO in order passed u/s 153 Arws 143 (3) - HELD THAT:\nThere was no reference made to any incriminating\ndocument found during the search. Therefore, we are of\nthe view that the addition

ACIT, CENTRAL CIRCLE-3, PATNA vs. SUBHASH PD. YADAV, PATNA

In the result, the appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Addition deleted by appeal order no. ITBA/APL/S/ 250/2020-21/ 1031648645(1) dated 22.03.2021 On perusal of the above table, it is ample clear that the Assessing Officer has accepted the total income declared in the returns filed u/s 153A of the Act. Therefore, no occasion for Assessing Officer arises to initiate penalty proceedings u/s 271

NAND KUMAR PRASAD SAH,MUZAFFARPUR vs. AC/DCIT CENTRAL CIRCLE, MUZAFFARPUR

In the result, all the appeals of the assessee (s) in ITA Nos

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

271/-, which included additional income of ₹5,15,000/-. The learned Assessing Officer carried out the assessment proceeding but finally accepted the returned income. In nutshell, there is no difference between the assessed income and the returned income shown in the return filed u/s 153A of the Act. 08. Now, the learned Assessing Officer has initiated the penalty

BISHWANATH PRASAD,MUZAFFARPUR vs. AC/DCIT CENTRAL CIRCLE, MUZAFFARPUR

In the result, all the appeals of the assessee (s) in ITA Nos

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

271/-, which included additional income of ₹5,15,000/-. The learned Assessing Officer carried out the assessment proceeding but finally accepted the returned income. In nutshell, there is no difference between the assessed income and the returned income shown in the return filed u/s 153A of the Act. 08. Now, the learned Assessing Officer has initiated the penalty

BISHWANATH PRASAD,MUZAFFARPUR vs. AC/DCIT CENTRAL CIRCLE, MUZAFFARPUR

In the result, all the appeals of the assessee (s) in ITA Nos

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

271/-, which included additional income of ₹5,15,000/-. The learned Assessing Officer carried out the assessment proceeding but finally accepted the returned income. In nutshell, there is no difference between the assessed income and the returned income shown in the return filed u/s 153A of the Act. 08. Now, the learned Assessing Officer has initiated the penalty

BISHWANATH PRASAD,MUZAFFARPUR vs. AC/DCIT CENTRAL CIRCLE, MUZAFFARPUR

In the result, all the appeals of the assessee (s) in ITA Nos

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

271/-, which included additional income of ₹5,15,000/-. The learned Assessing Officer carried out the assessment proceeding but finally accepted the returned income. In nutshell, there is no difference between the assessed income and the returned income shown in the return filed u/s 153A of the Act. 08. Now, the learned Assessing Officer has initiated the penalty

BISHWANATH PRASAD,MUZAFFARPUR vs. AC/DCIT CENTRAL CIRCLE, MUZAFFARPUR

In the result, all the appeals of the assessee (s) in ITA Nos

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

271/-, which included additional income of ₹5,15,000/-. The learned Assessing Officer carried out the assessment proceeding but finally accepted the returned income. In nutshell, there is no difference between the assessed income and the returned income shown in the return filed u/s 153A of the Act. 08. Now, the learned Assessing Officer has initiated the penalty

NAND KUMAR PRASAD SAH,MUZAFFARPUR vs. AC/DCIT CENTRAL CIRCLE, MUZAFFARPUR

In the result, all the appeals of the assessee (s) in ITA Nos

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

271/-, which included additional income of ₹5,15,000/-. The learned Assessing Officer carried out the assessment proceeding but finally accepted the returned income. In nutshell, there is no difference between the assessed income and the returned income shown in the return filed u/s 153A of the Act. 08. Now, the learned Assessing Officer has initiated the penalty

M/S VATSA CONSTRUCTION PVT LTD.,PATNA vs. ACIT, CIRCLE-2, PATNA

In the result, the appeals of the assessee are allowed

Bench: Sh. N. K. Sainiita No. 09/Pat./2017 : Asstt. Year : 2007-08 Ita No. 10/Pat./2017 : Asstt. Year : 2007-08 M/S Vatsa Constructions Pvt. Vs Asstt. Commissioner Of Income Tax, Ltd., Kasturba Path, North S.K. Circle-2, Puri, Patna-800013 Patna (Appellant) (Respondent) Pan No. Aabcv2236R Assessee By : Sh. Rakesh Kumar, Adv. Revenue By : Sh. Kausik Kumar Das, Sr. Dr Date Of Hearing : 13.03.2018 Date Of Pronouncement : 15.03.2018 Order These Two Appeals By The Assessee Are Directed Against The Separate Orders Each Dated 06.10.2016 Of Ld. Cit(A)-1, Patna.

income by the assessee. A reference was made of the order of the ITAT in ITA No. 94/Pat./2010 in the case of Prasad Construction & Co. wherein the penalty u/s 271(1)(c) of the Act on estimated addition

RAINBOW PRODUCTS PVT LTD,PATNA vs. ACIT, CENTRAL CIRCLE-1, PATNA

Appeal is allowed

Bench: Shri S. S. Godara, Jm & Dr. A. L. Saini, Am]

addition to tax, if any, payable by him,- (a) a sum computed at the rate of ten per cent of the undisclosed income of the specified previous year, if such assessee- (i) in the course of the search, in a statement under sub-section (4) of section 132, admits the undisclosed income and specifies the manner in which such income

YASHWANT SINGH,PATNA vs. DCIT CIRCLE-1, PATNA

In the result, the appeals of the assessee ITA Nos

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

additions made/confirmed by the lower authorities relating to AYs 2012-13, 2015-16, 2016-17, 2017-18 and 2014-15 respectively. ITA Nos. 412, 414, 415 & 416/Pat/2024 are relating to the penalty levied by the Assessing Officer u/s. 271(1)(b)/272A(1)(d) of the Act respectively for non-compliance of the notices issued during assessment proceedings. 3. First

YASHWANT SINGH,PATNA vs. DCIT, CIRCLE-1, PATNA

In the result, the appeals of the assessee ITA Nos

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

additions made/confirmed by the lower authorities relating to AYs 2012-13, 2015-16, 2016-17, 2017-18 and 2014-15 respectively. ITA Nos. 412, 414, 415 & 416/Pat/2024 are relating to the penalty levied by the Assessing Officer u/s. 271(1)(b)/272A(1)(d) of the Act respectively for non-compliance of the notices issued during assessment proceedings. 3. First

YASHWANT SINGH,PATNA vs. DCIT, CIRCLE-1, PATNA

In the result, the appeals of the assessee ITA Nos

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

additions made/confirmed by the lower authorities relating to AYs 2012-13, 2015-16, 2016-17, 2017-18 and 2014-15 respectively. ITA Nos. 412, 414, 415 & 416/Pat/2024 are relating to the penalty levied by the Assessing Officer u/s. 271(1)(b)/272A(1)(d) of the Act respectively for non-compliance of the notices issued during assessment proceedings. 3. First

YASHWANT SINGH,PATNA vs. DCIT, CIRCLE-1, PATNA

In the result, the appeals of the assessee ITA Nos

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

additions made/confirmed by the lower authorities relating to AYs 2012-13, 2015-16, 2016-17, 2017-18 and 2014-15 respectively. ITA Nos. 412, 414, 415 & 416/Pat/2024 are relating to the penalty levied by the Assessing Officer u/s. 271(1)(b)/272A(1)(d) of the Act respectively for non-compliance of the notices issued during assessment proceedings. 3. First