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3 results for “penalty u/s 271”+ Section 50C(1)clear

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Key Topics

Addition to Income3Section 1472Section 50C2Short Term Capital Gains2Business Income2Cash Deposit2Natural Justice2

SHRI AJAY KUMARS/O SHRI KISAN BHAGWAT,HAZARIBAGH vs. ITO WARD-2(5), HAZARIBAGH

In the result, the appeal of the assessee in ITA NO

ITA 243/RAN/2016[2009-10]Status: DisposedITAT Ranchi08 Jul 2020AY 2009-10

Bench: Shri S.S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.243/Ran/2016 आयकरअपीलसं./Ita No.207/Ran/2017 ("नधा"रणवष" / Assessment Year:2009-10)

For Appellant: Shri M. K. Choudhry, AdvocateFor Respondent: Shri Inderjeet Singh, CIT (DR)
Section 147Section 50C

271(1)(c ) of the Income Tax Act, 1961 (in short the “Act”). 2. First we shall take assessee’s appeal in ITA NO. 243/Ran/2016 for A.Y. 2009- 10. 3. The Grounds of appeal raised by the assessee are as follows: 1. Assessing officer does not consider sale of land as business income instead of capital gain, he is also

SRI AJAY KUMAR ,HAZARIBAGH vs. ITO WARD-1(1), HAZARIBAGH

In the result, the appeal of the assessee in ITA NO

ITA 207/RAN/2017[09-10]Status: DisposedITAT Ranchi08 Jul 2020

Bench: Shri S.S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.243/Ran/2016 आयकरअपीलसं./Ita No.207/Ran/2017 ("नधा"रणवष" / Assessment Year:2009-10)

For Appellant: Shri M. K. Choudhry, AdvocateFor Respondent: Shri Inderjeet Singh, CIT (DR)
Section 147Section 50C

271(1)(c ) of the Income Tax Act, 1961 (in short the “Act”). 2. First we shall take assessee’s appeal in ITA NO. 243/Ran/2016 for A.Y. 2009- 10. 3. The Grounds of appeal raised by the assessee are as follows: 1. Assessing officer does not consider sale of land as business income instead of capital gain, he is also

AMIT KUMAR SINHA,PALAMAU vs. DCIT,CIRCLE-3, RANCHI

Appeal is allowed for statistical purposes in above terms

ITA 150/RAN/2019[2014-15]Status: DisposedITAT Ranchi14 Jul 2020AY 2014-15

Bench: Shri S.S, Godara, Jm & Dr. A.L. Saini, Am Assessment Year:2014-15 बनाम Amit Kumar Sinha Dcit, Circle-3, Ranchi / Near Police Line, Shantipuri, V/S. Daltonganj, Palamau, Jharkhand-822101. Pan No.Bttps7121K अपीलाथ" /Appellant ""यथ" /Respondent ..

Section 271(1)(c)Section 50C(2)Section 56(2)(vii)

271(1)(c) of the Income Tax Act, 1961; (in short ‘the Act’). Heard both the parties. Case file persued. 2. It transpires at the outset that this tribunal’s coordinate bench has restored assessee’s quantum appeal ITA No.149/Ran/2019 back to the Assessing Officer for afresh adjudication of section 56(2)(vii)(b) addition issue as per law after