DCIT,CIRCLE-1,RANCHI, RANCHI vs. CENTRAL COALFIELDS LTD, RANCHI

In the result, appeal of the assessee is allowed and the appeal of the revenue is dismissed

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahaym/S Central Coalfields Ltd., D.C.I.T., Darbhanga House, Kutchery Road, Circle-1, Vs. Ranchi-834001 (Jharkhand) Ranchi. Pan No. Aaacc 7476 R Appellant/ Assessee Respondent/ Revenue D.C.I.T., Central Coalfield Ltd., Circle-1, 4Th Floor, Central Revenue Building Vs. Ranchi. Annexee, 5A, Main Road, Ranchi-834001 (Jharkhand) Pan No. Aaacc 7476 R Appellant/ Revenue Respondent/ Assessee

36,000/- (iii) Grants to Sports & Grants to Schools ₹ 14,93,74,000/- M/s CCL Vs DCIT & 1 Anr. (iv) Community Development & Environmental ₹ 9,90,47,000/- Expenditure (v) Mines Closure Expenses ₹ 22,72,13,000/- (vi) CMPDIL expenses ₹ 43,53,60,000/- (viii) IICM Charges ₹ 2,35,40,000/- Total Additions/Disallowances ₹ 97,77,17,000/- The penalty proceedings under

M/S. CENTRAL COALFIELDS LTD.,,RANCHI vs. DCIT CIRCLE-1, RANCHI

In the result, appeal of the assessee is allowed

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahaym/S Central Coalfields Ltd., D.C.I.T., Darbhanga House, Kutchery Road, Circle-1, Vs. Ranchi-834001 (Jharkhand) Ranchi. Pan No. Aaacc 7476 R Appellant/ Assessee Respondent/ Revenue

36,39,000/- (viii) IICM charges ₹ 2,20,00,000/- (ix) Provisions towards NCWA-VIII ₹ 2,13,49,00,000/- Total Additions/Disallowances ₹ 2,56,30,71,000/- The penalty proceedings under Section 271(1)(c) of the Act were separately initiated with the issue of notice under Section 274 read with section 271(1)(c) of the Act and finally

M/S. CENTRAL COALFIELDS LTD.,,RANCHI vs. DCIT CIRCLE-1, RANCHI

In the result, appeal of the assessee is allowed and the appeal of the revenue\nis dismissed

271(1)(c) as imposed by AO & sustained by CIT (A) on\ndisallowances of Land & Crop compensation as under, on account of\nfurnishing of inaccurate particulars. However, in the penalty order passed,\nthere is no allegation of a single word, as to which particulars of such\nexpenses were inaccurate. The appellant filed its detailed explanation with all\nfacts which were

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

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

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

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

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

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)

36) Please furnish details of fixed assets added, also furnish the documentary evidence of same. (37) Please furnish the details of immovable property sold/purchased. Sl. No. Sale/purchase deed no Area Sale/purchase Stamp value with date consideration (38) Please furnish copies of sales tax / VAT return filed along with copies of challans of agricultural tax/sales tax/VAT paid/service tax/excise duty paid