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

Section 271(1)(c) of the Act dated 30/11/2017 on the ground that \"the\nassessee company has furnished inaccurate particulars of income and to that\nextent it has concealed its income.\"\n3. Aggrieved by the said penalty order, the assessee company filed appeal before\nthe Id. CIT(A), who vide its impugned order partly allowed the appeal by\nreducing

DCIT,CIRCLE-1,RANCHI, RANCHI vs. CENTRAL COALFIELD 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 Sahayd.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 M/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

Section 271(1)(c) of the Act dated 30/11/2017 on the ground that "the assessee company has furnished inaccurate particulars of income and to that extent it has concealed its income." 3. Aggrieved by the said penalty order, the assessee company filed appeal before the ld. CIT(A), who vide its impugned order partly allowed the appeal by reducing

KAUSHAL JAIN,RANCHI vs. ITO, WARD-1(5), RANCHI

In the result, this appeal of the assessee is allowed

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay(Virtual Hearing) Kaushal Jain, I.T.O., Radheshyam Garage Lane, Old Ward 1(5), Vs. Commissioner Compound, Ranchi. Ranchi-834001 (Jharkhand) Pan No. Afgpj 0706 H Appellant/ Assessee Respondent/ Revenue

Section 69A of the Income Tax Act, 1961 (in short, the Act) on the ground that the assessee failed to explain the cash deposits of ₹ 52,16,169/-. The Assessing Officer in the assessment order has also given the basis on which the addition was made by providing a table in the assessment order in paragraph

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 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

68,00,000/- (vii) IICM Expenses ₹ 2,40,00,000/- (viii) Depreciation on Lease Hold Land ₹ 8,74,00,000/- (ix) CSR Expenses ₹ 15,52,00,000/- Total Additions/Disallowances ₹ 2,01,52,25,826/- The penalty proceedings under Section 271(1)(c) of the Act were separately initiated with the issue of notice under Section 274 read with

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

68,00,000/- (vii) IICM Expenses ₹ 2,40,00,000/- (viii) Depreciation on Lease Hold Land ₹ 8,74,00,000/- (ix) CSR Expenses ₹ 15,52,00,000/- Total Additions/Disallowances ₹ 2,01,52,25,826/- The penalty proceedings under Section 271(1)(c) of the Act were separately initiated with the issue of notice under Section 274 read with

CCL,RANCHI vs. DCIT CIR-1, RANCHI

248 0099. GHAM: GOAL INDIA\nFAX: 033-243 5318\nE-MAH.: Talacii@cx12.Vani.nat.In\nWEBSITE: www.caalrda aicin\nCIL/CGM(F)/ 31185/88.\nDate: 21-04-2008\nSub: Provision for liability for Interim Relief for\nNCWA-VIII in the Accounts of 2007-08.\nIn view of recent JBCCI decision to pay Interim Relief to all Wage Board employees of all\nCoal companies including

DCIT CIR-1, RANCHI vs. CCL, RANCHI

248 0099. GHAM: GOAL INDIA\nFAX: 033-243 5318\nE-MAH.: Talacii@cx12.Vani.nat.In\nWEBSITE: www.caalrda aicin\nAY 2008-09\nDate: 21-04-2008\nIn view of recent JBCCI decision to pay Interim Relief to all Wage Board employees of all\nCoal companies including ECL and BCCL it is imperative to provide liability in the Accounts for\nthe year ended

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

248 0099. GHAM: GOAL INDIA\nFAX: 033-243 5318\nE-MAH.: Talacii@cx12.Vani.nat.In\nWEBSITE: www.caalrda aicin\nCIL/CGM(F)/ 31185/88.\nDate: 21-04-2008\nSub: Provision for liability for Interim Relief for\nNCWA-VIII in the Accounts of 2007-08.\nIn view of recent JBCCI decision to pay Interim Relief to all Wage Board employees of all\nCoal companies including

DCIT CIRCLE-1 , RANCHI vs. CCL LTD , RANCHI

Section 37(1) of the Income-tax Act, 1961 - Business expenditure\nAllowability of (Welfare expenses of employees) - Assessee-\ncompany was engaged in business of coal mining It claimed\nexpenses incurred towards welfare of of its employees like canteen,\nhostels, etc. business expenditure Commissioner disallowed same\non ground that said expenditures had not been properly explained\nand that assessee

DCIT CIR-1,, RANCHI vs. CCL, RANCHI

248 0099. GHAM: GOAL INDIA\nFAX: 033-243 5318\nE-MAH.: Talacii@cx12.Vani.nat.In\nWEBSITE: www.caalrda aicin\nCIL/CGM(F)/ 31185/88.\nDate: 21-04-2008\nSub: Provision for liability for Interim Relief for\nNCWA-VIII in the Accounts of 2007-08.\nIn view of recent JBCCI decision to pay Interim Relief to all Wage Board employees of all\nCoal companies including

CCL,RANCHI vs. ACIT CIR-1, RANCHI

248 0099. GHAM: GOAL INDIA\nFAX: 033-243 5318\nE-MAH.: Talacii@cx12.Vani.nat.In\nWEBSITE: www.caalrda aicin\nCIL/CGM(F)/ 31185/88.\nDate: 21-04-2008\nSub: Provision for liability for Interim Relief for\nNCWA-VIII in the Accounts of 2007-08.\nIn view of recent JBCCI decision to pay Interim Relief to all Wage Board employees of all\nCoal companies including

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

248 0099. GHAM: GOAL INDIA\nFAX: 033-243 5318\nE-MAH.: Talacii@cx12.Vani.nat.In\nWEBSITE: www.caalrda aicin\nDate: 21-04-2008\nSub: Provision for liability for Interim Relief for\nNCWA-VIII in the Accounts of 2007-08.\nIn view of recent JBCCI decision to pay Interim Relief to all Wage Board employees of all\nCoal companies including ECL and BCCL

CCL LTD ,RANCHI vs. DCIT CIRCLE-1, RANCHI

248 0099. GHAM: GOAL INDIA\nFAX: 033-243 5318\nE-MAH.: Talacii@cx12.Vani.nat.In\nWEBSITE: www.caalrda aicin\nCIL/CGM(F)/ 31185/88.\nDate: 21-04-2008\nSub: Provision for liability for Interim Relief for\nNCWA-VIII in the Accounts of 2007-08.\nIn view of recent JBCCI decision to pay Interim Relief to all Wage Board employees of all\nCoal companies including

DCIT CIR-1, RANCHI vs. CCL, RANCHI

248 0099. GHAM: GOAL INDIA\nFAX: 033-243 5318\nE-MAH.: Talacii@cx12.Vani.nat.In\nWEBSITE: www.caalrda aicin\nDate: 21-04-2008\nAY 2008-09\nSub: Provision for liability for Interim Relief for\nNCWA-VIII in the Accounts of 2007-08.\nIn view of recent JBCCI decision to pay Interim Relief to all Wage Board employees of all\nCoal companies including

CCL,RNCHI vs. ACIT CIR-1 , RANCHI

248 0099. GHAM: GOAL INDIA\nFAX: 033-243 5318\nE-MAH.: Talacii@cx12.Vani.nat.In\nWEBSITE: www.caalrda aicin\nDate: 21-04-2008\nIn view of recent JBCCI decision to pay Interim Relief to all Wage Board employees of all\nCoal companies including ECL and BCCL it is imperative to provide liability in the Accounts for\nthe year ended 31-03-2008, finalisation

CCL,RANCHI vs. DCIT CIR01 , RANCHI

Section 37(1) of the Income-tax Act, 1961 - Business expenditure\nAllowability of (Welfare expenses of employees) - Assessee-\ncompany was engaged in business of coal mining It claimed\nexpenses incurred towards welfare of of its employees like canteen,\nhostels, etc. business expenditure Commissioner disallowed same\non ground that said expenditures had not been properly explained\nand that assessee

CCL ,RANCHI vs. DCIT CIR-1 , RANCHI

Section 37(1) of the Income-tax Act, 1961 - Business expenditure\nAllowability of (Welfare expenses of employees) Assessee-\ncompany was engaged in business of coal mining It claimed\nexpenses incurred towards welfare of of its employees like canteen,\nhostels, etc. business expenditure Commissioner disallowed same\non ground that said expenditures had not been properly explained\nand that assessee