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2 results for “penalty u/s 271”+ Section 2clear

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Key Topics

Section 271(1)(c)5Addition to Income2Search & Seizure2

THE PRINCIPAL COMMISSIONER OF INCOME TAX FARIDABAD vs. M/S PIYUSH COLONIZERS LTD.

The appeal is dismissed

ITA/300/2019HC Punjab & Haryana10 Feb 2020

Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE AVNEESH JHINGAN

Section 260ASection 271(1)(c)

2] specifying what was wrong with Assessing Officer's order as of why penalty was not leviable in this case? (ii) Ld. CIT (A) and Ld. ITAT has erred on facts and in the law in deleting the penalty levied by the AO u/s 271(1)(c) of the Income Tax Act, 1961 without appreciating the fact that addition made

M/S.ESCORTS EMPLOYEES ANCILLAR vs. ADDL.COMMISSIONER OF INCOME TA

ITR/167/1999HC Punjab & Haryana15 Nov 2019

Bench: MR. JUSTICE AJAY TEWARI,MRS. JUSTICE ALKA SARIN

2. Whether on the facts and in the circumstances of the case, the ITAT was right in law in computing the addition from uncounted transactions reflected in loose papers found during survey U/s 133A of the Income Tax Act, ignoring evidence available in these papers regarding liquor business carried on by the respondents in Benami names?” 3. We find that