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7 results for “penalty u/s 271”+ Section 271D(2)clear

Sorted by relevance

Delhi71Indore52Jaipur47Hyderabad41Chennai27Mumbai27Pune23Bangalore22Visakhapatnam15Cochin10Kolkata9Ahmedabad7Rajkot7Nagpur6Chandigarh4Amritsar2Raipur2Cuttack2Jodhpur1Surat1Guwahati1

Key Topics

Section 271(1)(b)25Penalty7Section 269T6Section 271D6Section 271E5Section 269S5Addition to Income5Section 2712

SHREENATHJI DEVLOPERS,RAJKOT vs. THE ITO, WARD-2 (1) (1), RAJKOT, RAJKOT

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

ITA 131/RJT/2021[2016-17]Status: DisposedITAT Rajkot03 Mar 2023AY 2016-17

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 271(1)(b)

u/s. 144 assessment order is deleted by the Ld. CIT(A). Thus, the grievance made out by the assessee is found to be genuine and reasonable. In the above circumstances the levy of penalty under Section 271(1)(b) in our considered opinion is unwarranted. For better understanding Section 271(1)(b) and 273B are extracted below: “271

SHREENATHJI DEVLOPERS,RAJKOT vs. THE ITO, WARD-2 (1) (1), RAJKOT, RAJKOT

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

ITA 133/RJT/2021[2016-17]Status: DisposedITAT Rajkot03 Mar 2023AY 2016-17

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 271(1)(b)

u/s. 144 assessment order is deleted by the Ld. CIT(A). Thus, the grievance made out by the assessee is found to be genuine and reasonable. In the above circumstances the levy of penalty under Section 271(1)(b) in our considered opinion is unwarranted. For better understanding Section 271(1)(b) and 273B are extracted below: “271

SHREENATHJI DEVLOPERS,RAJKOT vs. THE ITO, WARD-2 (1) (1), RAJKOT, RAJKOT

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

ITA 134/RJT/2021[2016-17]Status: DisposedITAT Rajkot03 Mar 2023AY 2016-17

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 271(1)(b)

u/s. 144 assessment order is deleted by the Ld. CIT(A). Thus, the grievance made out by the assessee is found to be genuine and reasonable. In the above circumstances the levy of penalty under Section 271(1)(b) in our considered opinion is unwarranted. For better understanding Section 271(1)(b) and 273B are extracted below: “271

SHREENATHJI DEVLOPERS,RAJKOT vs. THE ITO, WARD-2 (1) (1), RAJKOT, RAJKOT

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

ITA 130/RJT/2021[2016-17]Status: DisposedITAT Rajkot03 Mar 2023AY 2016-17

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 271(1)(b)

u/s. 144 assessment order is deleted by the Ld. CIT(A). Thus, the grievance made out by the assessee is found to be genuine and reasonable. In the above circumstances the levy of penalty under Section 271(1)(b) in our considered opinion is unwarranted. For better understanding Section 271(1)(b) and 273B are extracted below: “271

SHREENATHJI DEVLOPERS,RAJKOT vs. THE ITO, WARD-2 (1) (1), RAJKOT, RAJKOT

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

ITA 132/RJT/2021[2016-17]Status: DisposedITAT Rajkot03 Mar 2023AY 2016-17

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 271(1)(b)

u/s. 144 assessment order is deleted by the Ld. CIT(A). Thus, the grievance made out by the assessee is found to be genuine and reasonable. In the above circumstances the levy of penalty under Section 271(1)(b) in our considered opinion is unwarranted. For better understanding Section 271(1)(b) and 273B are extracted below: “271

LOVE SHOPPERS LTD,AHMEDABAD vs. DCIT, CIRCLE-2(1)(2), AHMEDABAD, AHMEDABAD

Appeal of the assessee is dismissed

ITA 285/RJT/2022[2016-17]Status: HeardITAT Rajkot16 May 2023AY 2016-17

Bench: The Hearing Of Appeal. Total Tax Effect 13,25,000/-”

For Appellant: Shri Mehul Ranpura, A.RFor Respondent: Shri B.D. Gupta, Sr. D.R
Section 250Section 269SSection 271Section 271DSection 273B

2. The learned Commissioner of Income-tax (Appeals), National Faceless Appeal Centre, Delhi [hereinafter referred as to the "CIT(A)"] erred on facts as also in law in confirming levy of penalty u/s 271D of the Act at Rs. 13,25,000/- on the ground of alleged contravention of provision of section 269SS of the Act. The penalty confirmed u/s

LOVE SHOPPERS LIMITED,AHMEDABAD vs. ADD. CIT, RANGE -2(1), AHMEDABAD, AHMEDABAD

In the result, the appeal of the assessee is allowed

ITA 427/RJT/2023[2016-17]Status: DisposedITAT Rajkot04 Feb 2025AY 2016-17

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./Ita No.427/Rjt/2023 ("नधा"रण वष" / Assessment Year: (2016-17) (Physical Hearing) M/S. Love Shoppers Ltd. Vs. Add. Cit, Range 2(1) 10Th Floor, Broadway Business Ahmedabad Centre, Opp. Mayors Bunglow, Nr. Law Garden, Ellisbridge Ahmedabad 380006 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaacl5963A (Assessee) (Respondent)

For Appellant: Shri Mehul Ranpura, ARFor Respondent: Shri Abhimanyu Singh Yadav, Sr. DR
Section 143(3)Section 269SSection 269TSection 26SSection 271Section 271DSection 271E

271 E of the I.T. Act, 1961, if a person repays such sum in contravention of the provisions of section 269T, he shall be liable to pay a penalty of a sum equal to the amount of loan or deposit so repaid.You are, therefore, requested to show cause as to why the penalty u/s 271E of the Act should