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

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, we take up the quantum appeals. The ITA No. 5/Pat/2024, AY 2015-16 is the main case wherein the assessment was framed u/s. 143(3) of the Act. Based

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

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, we take up the quantum appeals. The ITA No. 5/Pat/2024, AY 2015-16 is the main case wherein the assessment was framed u/s. 143(3) of the Act. Based

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

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, we take up the quantum appeals. The ITA No. 5/Pat/2024, AY 2015-16 is the main case wherein the assessment was framed u/s. 143(3) of the Act. Based

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

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, we take up the quantum appeals. The ITA No. 5/Pat/2024, AY 2015-16 is the main case wherein the assessment was framed u/s. 143(3) of the Act. Based

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

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, we take up the quantum appeals. The ITA No. 5/Pat/2024, AY 2015-16 is the main case wherein the assessment was framed u/s. 143(3) of the Act. Based

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

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, we take up the quantum appeals. The ITA No. 5/Pat/2024, AY 2015-16 is the main case wherein the assessment was framed u/s. 143(3) of the Act. Based

YASHWANT SINGH,PATNA vs. DCIT, PATNA

In the result, the appeals of the assessee ITA Nos

penalty levied by the Assessing Officer\nu/s. 271(1)(b)/272A(1)(d) of the Act respectively for non-compliance of the\nnotices issued during assessment proceedings.\n3. First, we take up the quantum appeals. The ITA No. 5/Pat/2024, AY\n2015-16 is the main case wherein the assessment was framed u/s. 143(3) of\nthe Act. Based

SHREE MANGALAM ALUMINIUM,PATNA vs. DC/ACIT, CENTRAL CIRCLE-3, PATNA

In the result, all the appeals filed by the assessee are allowed

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. Nos. 486 To 488/Pat/2022 Assessment Year: 2014-2015 To 2016-2017 Shree Mangalam Aluminium,…...….………Appellant Pandey Plaza Building, Exhibition Road, Patna-800001, Bihar [Pan:Abkfs3963M] -Vs.- Deputy/Assistant Commissioner Of Income Tax,……………………………………………………..Respondent Central Circle-3, Patna, Bihar

u/s 271(1)(c) is not sustainable in cases of estimation of net/gross profit and mere sustenance of addition by CIT(A) and its acceptance by the assessee does not amount to concealment and/or furnishing of inaccurate particulars thereof. (A.Ys. 2014-2015 to 2016-2017) Shree Mangalam Aluminium (6) For that the sustenance of penalty at Rs.8

SHREE MANGALAM ALUMINIUM,PATNA vs. DC/ACIT, CENTRAL CIRCLE-3, PATNA

In the result, all the appeals filed by the assessee are allowed

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. Nos. 486 To 488/Pat/2022 Assessment Year: 2014-2015 To 2016-2017 Shree Mangalam Aluminium,…...….………Appellant Pandey Plaza Building, Exhibition Road, Patna-800001, Bihar [Pan:Abkfs3963M] -Vs.- Deputy/Assistant Commissioner Of Income Tax,……………………………………………………..Respondent Central Circle-3, Patna, Bihar

u/s 271(1)(c) is not sustainable in cases of estimation of net/gross profit and mere sustenance of addition by CIT(A) and its acceptance by the assessee does not amount to concealment and/or furnishing of inaccurate particulars thereof. (A.Ys. 2014-2015 to 2016-2017) Shree Mangalam Aluminium (6) For that the sustenance of penalty at Rs.8

SHREE MANGALAM ALUMINIUM,PATNA vs. DC/ACIT, CENTRAL CIRCLE-3, PATNA

In the result, all the appeals filed by the assessee are allowed

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. Nos. 486 To 488/Pat/2022 Assessment Year: 2014-2015 To 2016-2017 Shree Mangalam Aluminium,…...….………Appellant Pandey Plaza Building, Exhibition Road, Patna-800001, Bihar [Pan:Abkfs3963M] -Vs.- Deputy/Assistant Commissioner Of Income Tax,……………………………………………………..Respondent Central Circle-3, Patna, Bihar

u/s 271(1)(c) is not sustainable in cases of estimation of net/gross profit and mere sustenance of addition by CIT(A) and its acceptance by the assessee does not amount to concealment and/or furnishing of inaccurate particulars thereof. (A.Ys. 2014-2015 to 2016-2017) Shree Mangalam Aluminium (6) For that the sustenance of penalty at Rs.8