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3 results for “penalty u/s 271”+ Section 149(1)(b)clear

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Key Topics

Section 271(1)(c)8Section 2748Section 41(1)4Section 133(6)2Section 2712Penalty2

ACIT, CIRCLE-3, RANCHI vs. SHRI SUMIT RAMSISARIA, RANCHI

ITA 222/RAN/2019[2015-16]Status: DisposedITAT Ranchi11 Dec 2020AY 2015-16

Bench: Shri J.Sudhakar Reddy & Shri S.S.Godara

Section 133(6)Section 143(3)Section 41(1)

penalty proceedings u/s 271(1)(c) of the IT. Act, 1961 are separately initiated on account of furnishing of inaccurate particulars of income." The above statement of the Assessing Officer IS not legally tenable due to the following reasons.- The AO has assumed that no such liability existed in the form of sundry creditors to the tune of Rs.3

VAISNAVI AGRO,DEOGHAR vs. ITO WARD-3(1), DEOGHAR

In the result, both the appeals of the assessee are allowed

ITA 236/RAN/2016[2004-05]Status: DisposedITAT Ranchi28 Feb 2018AY 2004-05

Bench: Hon’Ble Shri J. Sudhakar Reddy, Am] I.T.A. No. 236 & 237/Ran/2016 Assessment Year : 2004-05 & 2005-06 M/S. Vaishnavi Agro...................................................................................................Appellant Bandha Town Area, P.O. B. Deoghar – 814 112. Jharkhand. [Pan: Aaefv 0289 J Income Tax Officer...................…………………….....................................................Respondent Ward No. Iii(1), Deoghar. Appearances By: Shri M.K. Choudhury, Advocate Appearing On Behalf Of The Assessee. Shri Sanjay Malik, Dr Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : February 26, 2018 Date Of Pronouncing The Order : February 28, 2018 Order Per J. Sudhakar Reddy, Am

Section 271Section 271(1)(c)Section 274

B. Deoghar – 814 112. Jharkhand. [PAN: AAEFV 0289 J Income Tax Officer...................…………………….....................................................Respondent Ward No. III(1), Deoghar. Appearances by: Shri M.K. Choudhury, Advocate appearing on behalf of the Assessee. Shri Sanjay Malik, DR appearing on behalf of the Revenue. Date of concluding the hearing : February 26, 2018 Date of pronouncing the order : February 28, 2018 ORDER Per J. Sudhakar

M/S VAISNAVI AGRO,DEOGHAR vs. ITO WARD-3(1), DEOGHAR

In the result, both the appeals of the assessee are allowed

ITA 237/RAN/2016[2005-06]Status: DisposedITAT Ranchi28 Feb 2018AY 2005-06

Bench: Hon’Ble Shri J. Sudhakar Reddy, Am] I.T.A. No. 236 & 237/Ran/2016 Assessment Year : 2004-05 & 2005-06 M/S. Vaishnavi Agro...................................................................................................Appellant Bandha Town Area, P.O. B. Deoghar – 814 112. Jharkhand. [Pan: Aaefv 0289 J Income Tax Officer...................…………………….....................................................Respondent Ward No. Iii(1), Deoghar. Appearances By: Shri M.K. Choudhury, Advocate Appearing On Behalf Of The Assessee. Shri Sanjay Malik, Dr Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : February 26, 2018 Date Of Pronouncing The Order : February 28, 2018 Order Per J. Sudhakar Reddy, Am

Section 271Section 271(1)(c)Section 274

B. Deoghar – 814 112. Jharkhand. [PAN: AAEFV 0289 J Income Tax Officer...................…………………….....................................................Respondent Ward No. III(1), Deoghar. Appearances by: Shri M.K. Choudhury, Advocate appearing on behalf of the Assessee. Shri Sanjay Malik, DR appearing on behalf of the Revenue. Date of concluding the hearing : February 26, 2018 Date of pronouncing the order : February 28, 2018 ORDER Per J. Sudhakar