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20 results for “penalty u/s 271”+ Short Term Capital Gainsclear

Sorted by relevance

Mumbai832Delhi618Ahmedabad253Jaipur230Kolkata147Chennai125Bangalore116Surat109Karnataka103Indore87Hyderabad70Pune67Raipur47Chandigarh44Calcutta34Visakhapatnam28Nagpur23Rajkot23Ranchi20Agra12Amritsar11Lucknow11Cuttack9Dehradun8Guwahati5Panaji5Cochin5Jodhpur4Telangana3Jabalpur3Patna3Allahabad1Rajasthan1SC1

Key Topics

Section 27475Section 271(1)(c)56Section 153A37Section 132(4)17Capital Gains17Penalty17Section 132(1)16Long Term Capital Gains16Undisclosed Income

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

15
Section 2637
Section 271A6
Section 270A4
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

M/S NANDLAL KESHARDEO,RANCHI vs. ACIT, CENTRAL CIRCLE (1), RANCHI

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

ITA 15/RAN/2025[2016-2017]Status: DisposedITAT Ranchi12 Nov 2025AY 2016-2017

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)(c)Section 271ASection 274

term capital gains to buy peace and the return of income was also accepted by the AO. Subsequently, notice u/s 274 of the Act was issued for initiation of penalty u/s 271AAB of the Act. The AO finally imposed the penalty which was upheld by the ld. CIT(A). 5. Before the ld.CIT(A),the assessee claimed that

ALLIANCE DEALERS PVT.LTD.,KOLKATA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, JAMSHEDPUR, JAMSHEDPUR

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

ITA 89/RAN/2022[2015-16]Status: DisposedITAT Ranchi10 Mar 2025AY 2015-16

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)(c)Section 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in the statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee admitted the allegation of the AO regarding certain manipulation in the transaction of shares to earn long term capital

NITU SINGH,JAMSHEDPUR vs. DEPUTY COMMISSIONER OFINCOME TAX, CENTRAL CIRCLE, JAMSHEDPUR, JAMSHEDPUR

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

ITA 82/RAN/2022[2015-16]Status: DisposedITAT Ranchi20 Feb 2025AY 2015-16

Bench: Shri Partha Sarathi Chaudhury & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)(c)Section 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in the statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee admitted the allegation of the AO regarding certain manipulation in the transaction of shares to earn long term capital

RINKU SINGH,JAMSHEDPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, JAMSHEDPUR, JAMSHEDPUR

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

ITA 81/RAN/2022[2015-16]Status: DisposedITAT Ranchi20 Feb 2025AY 2015-16

Bench: Shri Partha Sarathi Chaudhury & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)(c)Section 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in the statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee admitted the allegation of the AO regarding certain manipulation in the transaction of shares to earn long term capital

GAJANAN FERRO PVT.LTD.,KOLKATA vs. DEPUTY COMMISSIONER OFINCOME TAX, CENTRAL CIRCLE, JAMSHEDPUR, JAMSHEDPUR

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

ITA 84/RAN/2022[2012-13]Status: DisposedITAT Ranchi20 Feb 2025AY 2012-13

Bench: Shri Partha Sarathi Chaudhury & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)(c)Section 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in the statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee admitted the allegation of Gajanan Ferro P Ltd. Vs DCIT the AO regarding certain manipulation in the transaction

GAJANAN FERRO PVT.LTD.,KOLKATA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, JAMSHEDPUR, JAMSHEDPUR

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

ITA 86/RAN/2022[2014-15]Status: DisposedITAT Ranchi20 Feb 2025AY 2014-15

Bench: Shri Partha Sarathi Chaudhury & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)(c)Section 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in the statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee admitted the allegation of Gajanan Ferro P Ltd. Vs DCIT the AO regarding certain manipulation in the transaction

GAJANAN FERRO PVT.LTD.,KOLKATA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, JAMSHEDPUR, JAMSHEDPUR

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

ITA 85/RAN/2022[2013-14]Status: DisposedITAT Ranchi20 Feb 2025AY 2013-14

Bench: Shri Partha Sarathi Chaudhury & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)(c)Section 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in the statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee admitted the allegation of Gajanan Ferro P Ltd. Vs DCIT the AO regarding certain manipulation in the transaction

CRYSTAL THERMOTECH PVT.LTD.,KOLKATA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, JAMSHEDPUR, JAMSHEDPUR

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

ITA 79/RAN/2022[2016-17]Status: DisposedITAT Ranchi10 Jun 2025AY 2016-17

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)(c)Section 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in his statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee also admitted the allegation of the AO regarding certain manipulation in the transaction of shares to earn long term

CRYSTAL THERMOTECH PVT.LTD.,KOLKATA vs. DEPUTY COMMISSIONER PF INCOME TAX, CENTRAL CIRCLE, JAMSHEDPUR, JAMSHEDPUR

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

ITA 80/RAN/2022[2017-18]Status: DisposedITAT Ranchi10 Jun 2025AY 2017-18

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)(c)Section 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in his statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee also admitted the allegation of the AO regarding certain manipulation in the transaction of shares to earn long term

JITENDRA KUMAR AGARWAL,JAMSHEDPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRALCIRCLE, JAMSHEDPUR, JAMSHEDPUR

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

ITA 88/RAN/2022[2017-18]Status: DisposedITAT Ranchi22 May 2025AY 2017-18

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)(c)Section 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in his statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee also admitted the allegation of the AO regarding certain manipulation in the transaction of shares to earn long term

SACHIN PODDAR,JAMSHEDPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, JAMSHEDPUR, JAMSHEPUR

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

ITA 87/RAN/2022[2014-15]Status: DisposedITAT Ranchi07 Apr 2025AY 2014-15

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)(c)Section 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in his statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee also admitted the allegation of the AO regarding certain manipulation in the transaction of shares to earn long term

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

Capital Gains earned by you during the year. Also submit relevant proof regarding, the cost of acquisition cost of improvement, if any and Sale consideration received. (23)Submit details reg. income from other sources earned by you during the year along with relevant documentary evidence. (24) Submit details of all investments made by you during the year including investments

GAJANAN FERRO PRIVATE LIMITED,JAMSHEDPUR vs. DCIT CENTRAL CIRCLE, JAMSHEDPUR

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

ITA 139/RAN/2023[2017-18]Status: DisposedITAT Ranchi10 Mar 2025AY 2017-18

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 1ASection 271(1)(c)Section 271ASection 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in the statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee admitted the allegation of the AO regarding certain manipulation in the transaction of shares to earn long term capital

GAJANAN FERRO PRIVATE LIMITED,JAMSHEDPUR vs. DCIT CENTRAL CIRCLE, JAMSHEDPUR

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

ITA 140/RAN/2023[2018-19]Status: DisposedITAT Ranchi10 Mar 2025AY 2018-19

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 1ASection 271(1)(c)Section 271ASection 274

short, the Act) in this case on 17.08.2017 during which the assessee offered undisclosed income in the statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee admitted the allegation of the AO regarding certain manipulation in the transaction of shares to earn long term capital

CRYSTAL THERMOTECH PRIVATE LIMITED,KOLKATA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, JAMSHEDPUR

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

ITA 78/RAN/2024[2018-19]Status: DisposedITAT Ranchi07 Oct 2025AY 2018-19

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 271(1)Section 271(1)(c)Section 274

short, the Act) in the case of Gajanan Sidhi Viay group of cases on 17.08.2017 during which the assessee offered undisclosed income in the statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee admitted the allegation of the AO regarding certain manipulation in the transaction

VIJAY KUMAR MITTAL,JAMSHEDPUR vs. ACIT CENTRAL CIRCLE, JAMSHEDPUR

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

ITA 142/RAN/2023[2018-19]Status: DisposedITAT Ranchi20 Feb 2025AY 2018-19

Bench: Shri Partha Sarathi Chaudhury & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 270ASection 270A(2)(a)Section 270A(9)(a)Section 274

short, the Act) in the case of Gajanand Sidhu Vinayak Group on 17.08.2017, the assessee is also covered in this search during which the assessee offered undisclosed expenditure in the statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee admitted the allegation

VIJAY KUMAR MITTAL,JAMSHEDPUR vs. ACIT CENTRAL CIRCLE, JAMSHEDPUR

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

ITA 141/RAN/2023[2017-18]Status: DisposedITAT Ranchi20 Feb 2025AY 2017-18

Bench: Shri Partha Sarathi Chaudhury & Shri Ratnesh Nandan Sahay

Section 132(1)Section 132(4)Section 153ASection 270ASection 270A(2)(a)Section 270A(9)(a)Section 274

short, the Act) in the case of Gajanand Sidhu Vinayak Group on 17.08.2017, the assessee is also covered in this search during which the assessee offered undisclosed expenditure in the statement recorded u/s 132(4) of the Act and paid the due taxes while filing return in response to notice u/s 153A. The assessee admitted the allegation

ITO, WARD-2(1), DHANBAD vs. SHRI PRAVIN KUMAR AGARWAL(HUF), DHANBAD

Appeal is dismissed for involving lower than the prescribed minimum tax effect

ITA 285/RAN/2019[2015-16]Status: DisposedITAT Ranchi22 Jul 2020AY 2015-16

Bench: Shri S.S, Godara, Jm & Dr. A.L. Saini, Am Assessment Year:2015-16 बनाम Ito, Ward-2(1), Dhanbad Shri Pravin Kumar Agarwal(Huf) / V/S. Amlapara, Jharia, Dhanbad- 828111. Pan No.Aaghp7111P अपीलाथ" /Appellant ""यथ" /Respondent ..

Section 271(1)(c)

u/s 271(1)(c) of the Income Tax Act, 1961; (in short ‘the Act’). Heard both the parties. Case file persued. 2. It is seen at the outset that the tax effect on the disputed penalty amount before us is Rs.1,88,261/- i.e. less than Rs. 50 lacs as per CBDT’s latest Circular No17/2019 dated