SOLAPUR SIDDHESHWAR SAHAKARI BANK LTD,SOLAPUR vs. ACIT, CIRCLE-1, SOLAPUR

In the result, the appeal of the assessee is allowed

Bench: SHRI MANISH BORAD (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

Penalty u/s 271(1)(c) of the Act 3 was also initiated. In the meantime, the assessee preferred an appeal before Ld. CIT(A) who vide order dated 20.03.2020 partly allowed the appeal of the assessee and gave relief of Rs.10,69,690/- regarding interest paid to cooperative society without deducting tax. Accordingly, Ld. CIT(A) confirmed the disallowance

DEPUTY COMMISSIONER OF INCOME-TAX vs. ATLAS COPCO (INDIA) LTD.,, PUNE

Appeal is allowed for statistical purposes

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm आयकर अपीऱ सं. / Ita No.425/Pun/2015 नििाारण वषा / Assessment Year : 2002-03 The Deputy Commissioner Of Income Tax, Circle-8, Pune. .......अऩीऱाथी / Appellant बिाम / V/S. Atlas Copco (India) Ltd. Mumbai-Pune Road, Dapodi, Pune-411 012 Pan: Aaaca4047D ……प्रत्यथी / Respondent

penalty on the issue of disallowance of warranty provision. On this issue, in quantum appeal of the assessee in ITA No.1311/PUN/2011

DEPUTY COMMISSIONER OF INCOME-TAX vs. ATLAS COPCO (INDIA) LTD.,, PUNE

In the result, the appeal is dismissed

Bench: Shri R.S. Syal & Shri Partha Sarathi Chaudhuryआयकर अपील सं. / Ita No.426/Pun/2015 िनधा"रण वष" / Assessment Year : 2003-04

penalty on addition towards disallowance out of Miscellaneous expenses. 6. The next addition which was the subject matter of penalty

KIRLOSKAR PROPRIETARY LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,, PUNE

In the result, appeal of the assessee is allowed

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm

penalty has been levied on disallowance made u/s.14A of the Act. 3. At the time of hearing, the Ld. AR of the assessee

CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ( SUCCESSOR OF ARICENT TECHNOLOGIES HOLDINGS LIMITED),PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 1(1), PUNE, PUNE

In the result, the appeal of the assessee is allowed

Bench: Shri R.K. Panda & Ms. Astha Chandra

disallowance of an amount shall form the basis for imposition of penalty, if such addition or disallowance has formed the basis

M/S. PATANKAR WIND FARM PVT.LTD,,SATARA vs. DEPUTY COMMISSIONER OF INCOME-TAX,, SATARA

In the result, the appeal of the assessee is allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm

penalty proceedings u/s. 271(1)(c) of the Act in respect of aforesaid disallowances. The Assessing Officer levied penalty of Rs.54

M/S. GLOBAL INFRASTRUCTURE & TECHNOLOGIES LTD.,,PUNE vs. ITO, WD.-3(3),, PUNE

In the result, the appeal of Revenue in ITA

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am

penalty and on some of the additions / disallowances deleted the penalty. On the issue of penalty on denial of deduction

DCIT,CIR.-1(1),, PUNE vs. GLOBAL INFRASTRUCTURE & TECHNOLOGIES LTD.,, MUMBAI

In the result, the appeal of Revenue in ITA

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am

penalty and on some of the additions / disallowances deleted the penalty. On the issue of penalty on denial of deduction

DCIT,CIR.-1(1),, PUNE vs. MANTRI HOUSING & CONSTRUCTIONS LTD.,, PUNE

In the result, the appeal of Revenue in ITA

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am

penalty and on some of the additions / disallowances deleted the penalty. On the issue of penalty on denial of deduction

ACIT, CIR.-1(2),, PUNE vs. GLOBAL INFRASTRUCTURE & TECHNOLOGIES LTD.,, PUNE

In the result, the appeal of Revenue in ITA

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am

penalty and on some of the additions / disallowances deleted the penalty. On the issue of penalty on denial of deduction

MS RAJMAL LAKHICHAND,JALGAON vs. DCIT, JALGAON

In the result, the appeal filed by the assessee stands allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1206/Pun/2023 िनधा"रण वष" / Assessment Year: 2010-11 Ms. Rajmal Lakhichand, Vs. Dcit, Jalgaon. 169, Balaji Peth, Jalgaon- 425001. Pan : Aacfr8609L Appellant Respondent Assessee By : Shri Nikhil Pathak Revenue By Shri Sourabh Nayak : Date Of Hearing : 27.06.2024 Date Of Pronouncement : 10.09.2024 आदेश / Order Per Vinay Bhamore, Jm: This Appeal Filed By The Assessee Is Directed Against The Order Dated 20.09.2023 Passed By Ld Cit(A)/Nfac For The Assessment Year 2010-11. 2. The Appellant Has Raised The Following Grounds Of Appeal :- “The Grounds Of Appeal Stated Below Are Without Prejudice To Each Other. 1) That The Learned Cit(A) Erred In Confirming The Penalty Of Rs.62,95,800 U/S. 271(1)(C) Of The Act. On The Facts & In The Circumstances Of The Case, The Said Penalty Be Cancelled. 2) Gross Profit Addition

penalty u/s 271(1)(c) of the IT Act disallowance of proportionate interest expenses of Rs.3,08,889/- & the disallowance

SAKAL PAPER LTD.,,PUNE vs. DCIT, CIR.-6,, PUNE

In the result, the appeal of assessee is allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am

penalty on disallowance of legal expenses is concerned, we find that the disallowance made by the AO was upheld by the Appellate

BAFNA JANGADA CONSTRUCTIONS,,PUNE vs. INCOME-TAX OFFICER,,

In the result, the appeal filed by the assessee stands allowed

Bench: Shri Inturi Rama Rao, Am & Shri S. S. Viswanethra Ravi, Jm

disallowing the exemption, penalty cannot be imposed. The penalty levied stands set aside." The situation in the present case is still

VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1), PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

disallowance does not in any way vitiate the penalty proceedings. On the contrary, it reinforces the position that penalty has been

VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1), PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

disallowance does not in any way vitiate the penalty proceedings. On the contrary, it reinforces the position that penalty has been

VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1, PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

disallowance does not in any way vitiate the penalty proceedings. On the contrary, it reinforces the position that penalty has been

VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1), PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

disallowance does not in any way vitiate the penalty proceedings. On the contrary, it reinforces the position that penalty has been

INCOME TAX OFFICER, WARD-1, JALNA, INCOME TAX OFFICE, JALNA vs. THE BEED DISTRICT CENTRAL CO-OP. BANK LTD., BEED

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

penalty which is required to be disallowed u/s.37 of\nthe Act as the same is not a penalty for infraction

INCOME TAX OFFICER, WARD-1, JALNA, INCOME TAX OFFICE, JALNA vs. THE BEED DISTRICT CENTRAL CO-OP. BANK LTD., BEED

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

penalty which is required to be disallowed u/s.37 of\nthe Act as the same is not a penalty for infraction