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

penalty order u/s 271(1)(c) of the Income-tax Act, 1961. Compliance requested on 12/07/2018. On 13/07/2018, the assessee filed time petition for payment of income- tax through its director which is as under :- "... I would like to convey that our Patliputra Group is one of the reputed names in business

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

penalty order u/s 271(1)(c) of the Income-tax Act, 1961. Compliance requested on 12/07/2018. On 13/07/2018, the assessee filed time petition for payment of income- tax through its director which is as under :- "... I would like to convey that our Patliputra Group is one of the reputed names in business

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

penalty order u/s 271(1)(c) of the Income-tax Act, 1961. Compliance requested on 12/07/2018. On 13/07/2018, the assessee filed time petition for payment of income- tax through its director which is as under :- "... I would like to convey that our Patliputra Group is one of the reputed names in business

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

penalty order u/s 271(1)(c) of the Income-tax Act, 1961. Compliance requested on 12/07/2018. On 13/07/2018, the assessee filed time petition for payment of income- tax through its director which is as under :- "... I would like to convey that our Patliputra Group is one of the reputed names in business

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

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

business income of ₹5\ncrore, declared the loss in the return at ₹4,99,90,0346/-. The return of income\nhas been accepted by the Id. AO as the assessed income and no additions have\nbeen made in the assessment order. However, the Id. AO initiated the penalty\nproceedings u/s 271

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

271(1)(c) of the Act are initiated for concealment of income”. 5. Ld. Assessing Officer thereafter imposed a penalty under section 271AAB(1A) of the Income Tax Act. The penalty order is a very brief order, which reads as under:- “A search and seizure operation u/s 132(1) and Survey Operations u/s 133A of the Income Tax Act, hereinafter

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

business premises of Nand Kumar Prasad Sah and other related concerns on 17th September, 2020, and assessee was also subjected to search and certain incriminating material / loose paper / tally data were found. Pursuant to the of search, notice u/s 153A of the Act were issued and incompliance, assessee furnished the return for A.Y. 2017-18 to 2020-21. In this

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

business premises of Nand Kumar Prasad Sah and other related concerns on 17th September, 2020, and assessee was also subjected to search and certain incriminating material / loose paper / tally data were found. Pursuant to the of search, notice u/s 153A of the Act were issued and incompliance, assessee furnished the return for A.Y. 2017-18 to 2020-21. In this

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

business premises of Nand Kumar Prasad Sah and other related concerns on 17th September, 2020, and assessee was also subjected to search and certain incriminating material / loose paper / tally data were found. Pursuant to the of search, notice u/s 153A of the Act were issued and incompliance, assessee furnished the return for A.Y. 2017-18 to 2020-21. In this

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

business premises of Nand Kumar Prasad Sah and other related concerns on 17th September, 2020, and assessee was also subjected to search and certain incriminating material / loose paper / tally data were found. Pursuant to the of search, notice u/s 153A of the Act were issued and incompliance, assessee furnished the return for A.Y. 2017-18 to 2020-21. In this

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

business premises of Nand Kumar Prasad Sah and other related concerns on 17th September, 2020, and assessee was also subjected to search and certain incriminating material / loose paper / tally data were found. Pursuant to the of search, notice u/s 153A of the Act were issued and incompliance, assessee furnished the return for A.Y. 2017-18 to 2020-21. In this

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

business premises of Nand Kumar Prasad Sah and other related concerns on 17th September, 2020, and assessee was also subjected to search and certain incriminating material / loose paper / tally data were found. Pursuant to the of search, notice u/s 153A of the Act were issued and incompliance, assessee furnished the return for A.Y. 2017-18 to 2020-21. In this

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

In the result, all the appeals of the both the assessee in ITA

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

Income-tax Act, 1961 (the ITA Nos.184/PAT/2023 & Ors Nand Kumar Prasad Sah & Bishwannath Prasad; A.Y. 2014-15 Act) vide orders dated 22nd August, 2022, 23rd August, 2022 for A.Ys. 2014-15, 2016-17, respectively. 02. As the common issue raised in all these appeals are against the levy of penalty under Section 271

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

In the result, all the appeals of the both the assessee in ITA

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

Income-tax Act, 1961 (the ITA Nos.184/PAT/2023 & Ors Nand Kumar Prasad Sah & Bishwannath Prasad; A.Y. 2014-15 Act) vide orders dated 22nd August, 2022, 23rd August, 2022 for A.Ys. 2014-15, 2016-17, respectively. 02. As the common issue raised in all these appeals are against the levy of penalty under Section 271

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

In the result, all the appeals of the both the assessee in ITA

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

Income-tax Act, 1961 (the ITA Nos.184/PAT/2023 & Ors Nand Kumar Prasad Sah & Bishwannath Prasad; A.Y. 2014-15 Act) vide orders dated 22nd August, 2022, 23rd August, 2022 for A.Ys. 2014-15, 2016-17, respectively. 02. As the common issue raised in all these appeals are against the levy of penalty under Section 271

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

In the result, all the appeals of the both the assessee in ITA

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

Income-tax Act, 1961 (the ITA Nos.184/PAT/2023 & Ors Nand Kumar Prasad Sah & Bishwannath Prasad; A.Y. 2014-15 Act) vide orders dated 22nd August, 2022, 23rd August, 2022 for A.Ys. 2014-15, 2016-17, respectively. 02. As the common issue raised in all these appeals are against the levy of penalty under Section 271

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

business. M/s Shree Mangalam Aluminium relates to Kanodia group of cases. Notice u/s 153C of the Act was issued on 03.10.2017 for filing of return of income. The assessee filed the return of income u/s 153C of the Act declaring total income of Rs.2,54,100/- for A.Y.2014-2015, Rs.4,19,890/- for A.Y.2015- 2016 and return of income u/s

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

business. M/s Shree Mangalam Aluminium relates to Kanodia group of cases. Notice u/s 153C of the Act was issued on 03.10.2017 for filing of return of income. The assessee filed the return of income u/s 153C of the Act declaring total income of Rs.2,54,100/- for A.Y.2014-2015, Rs.4,19,890/- for A.Y.2015- 2016 and return of income u/s