M/S RAM SWARUP RUNGTA & BROTHERS,RANCHI vs. DCIT, RANCHI

In the result, the appeals of assessee in ITA

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

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)

penalty u/s 271(1)(b) of the Income Tax Act, 1961 may be (in addition to tax, if any, payable imposed for a sum of ten thousand rupees for each such failure.” 11. We note that by way of issue of notice under section 142(1) of the Act, as noted above, the assessing officer, during the original assessment proceedings

JITENDRA SINGH,JAMSHEDPUR vs. DEPUTY/ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, JAMSHEDPUR, JAMSHEDPUR

In the result, the grounds of appeal raised by the assessee are allowed for statistical purposes

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

U/s 274 read with section 271 is vague and as such, initiation of proceedings is ab initio void. 2. For that the penalty of ₹ 4,07,070/- has been imposed against the total addition made for ₹ 13,17,380/- which was made during the assessment proceedings, however, the fact remains that the addition made stands reduced to ₹ 1,50