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3 results for “penalty u/s 271”+ Section 201clear

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Key Topics

Section 271(1)(c)8Section 153A8Section 2637Section 2745Section 132(4)3Penalty2Search & Seizure2Undisclosed Income2

MANISH KUMAR SAGU(HUF),RANCHI vs. ACIT, C.C.-2, RANCHI

In the result, the appeal of the assessee stands allowed

ITA 26/RAN/2020[2014-15]Status: DisposedITAT Ranchi28 Apr 2023AY 2014-15

Bench: Shri Sanjay Garg & Shri Rajesh Kumari.T.A. No.26/Ran/2020 Assessment Year: 2014-15 Manish Kumar Sahu (Huf)..…...………………......................……...…..….. Appellant 201, Krishna Apartment, Ratu Road, Ranchi-834001. [Pan: Aaghm3591N] Vs. Acit, Central Circle-2, Ranchi…..…..………..…….……….…………….. Respondent Appearances By: Shri Devesh Poddar, Adv., Appeared On Behalf Of The Appellant. Shri Pranob Kumar Koley, Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : February 27, 2023 Date Of Pronouncing The Order : April 28 , 2023 Order Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 30.01.2020 Of The Commissioner Of Income Tax(Appeals)-3, Patna [Hereinafter Referred To As ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’).

Section 132(4)Section 153ASection 250Section 271(1)(c)

201, Krishna apartment, Ratu Road, Ranchi-834001. [PAN: AAGHM3591N] vs. ACIT, Central Circle-2, Ranchi…..…..………..…….……….…………….. Respondent Appearances by: Shri Devesh Poddar, Adv., appeared on behalf of the appellant. Shri Pranob Kumar Koley, Sr. DR, appeared on behalf of the Respondent. Date of concluding the hearing : February 27, 2023 Date of pronouncing the order : April 28 , 2023 ORDER Per Sanjay Garg

DCIT CENTRAL CIRCLE-1, RANCHI vs. SHRI RAJ KUMAR SHAH,

In the result, the appeal of the revenue is dismissed

ITA 354/RAN/2016[2008-09]Status: DisposedITAT Ranchi28 Feb 2018AY 2008-09

Bench: Hon’Ble Shri J. Sudhakar Reddy] I.T.A. Nos. 354/Ran/2016 Assessment Year :2008-09 Acit Cir 1...........................................................................................................................Appellant 7Th Floor, Mahabir Tower, Main Road, Ranchi, Jharkhand – 834 001. Shri Raj Kumar Shah...................……………………………………..................................Respondent European Quarter Chaibasa, Jharkhand – 833 201 [Pan: Alkps 7305 M] Appearances By: Shri Sanjay Malik, Jr. Dr Appearing On Behalf Of The Revenue. Shri Rajiv Ranjan Mittal, Advocatel Appearing On Behalf Of The Assessee. Date Of Concluding The Hearing : February 28, 2018 Date Of Pronouncing The Order : February 28, 2018 Order The Revenue’S Appeal Is Directed Against The Order Of Commissioner Of Income Tax (Appeals), Patna Wherein The Penalty Levied By The Assessing Officer Under Section 271(1)(C) Of The Act, Has Been Cancelled By The Ld. Cit(A).

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

Section 271(1)(c) in the printed form without specifically mentioning whether the proceedings are initiated on the ground of concealment of income or on account of furnishing of inaccurate particulars is valid and legal? 2. Whether the proceedings initiated by the Assessing Authority was legal and valid? The Hon’ble Karnataka High Court held in the negative and against

PADAM KUMAE JAIN,RANCHI vs. CIT, CENTRAL, PATNA

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

ITA 289/RAN/2019[2012-13]Status: DisposedITAT Ranchi08 Jul 2020AY 2012-13

Bench: Shri S.S. Godara, Jm & Dr. A.L. Saini, Am आयकरअपीलसं./Ita No.289/Ran/2019 (िनधा"रणवष" / Assessment Year: 2012-13) Padam Kumar Jain Vs. Cit, Central, Cr Building, Beer Chand Patel Marg, Patna – 800001. Ratanlalsurajmal Compound, Main Road, Ranchi – 834001, Jharkhand "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abrpj 0001 E (Assessee) .. (Revenue)

For Appellant: Shri M.K. Chaudhury & Shri Devesh Poddar, AdvocateFor Respondent: Shri Inderjeet Singh, CIT (DR)
Section 132(4)Section 143(3)Section 153ASection 263

201/- during the year. As per the submission, the assessee has only contended that of the expenses were genuine and backed with proper bills/vouchers. (ii) As per statement of accounts, the assessee has claimed exemption of Rs. 5,25,00,000/- u/s 35(1)(ii) of the I.T. Act, 1961 on account of expenditure incurred on scientific research amounting