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5 results for “penalty u/s 271”+ Section 195clear

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Key Topics

Section 27115Section 195(6)10Penalty5Section 1953Section 2502Section 2742Addition to Income2

AKSHAR GEMS,SURAT vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIR.3(2), SURAT

In the result, appeal filed by the assessee is allowed

ITA 24/SRT/2022[2016-17]Status: DisposedITAT Surat30 Jan 2023AY 2016-17

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.24/Srt/2022 "नधा"रण वष"/Assessment Year: (2016-17) (Virtual Court Hearing) Akshar Gems, Assistant Commissioner Of 3Rd Floor, Shreeji Diamond Apartment, Vs. Income-Tax, Circle-3(2), Nandu Doshi Ni Wadi, Vastadevdi Road, Aaykar Bhavan Nr.Majura Katargam, Surat – 395004 Gate, Opp. New Civil Hospital, Surat-395001 (Appellant) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aarfa3697A Assessee By Shri Mehul Shah, Ca Respondent By Shri Vinod Kumar, Sr. Dr Date Of Hearing 27/12/2022 Date Of Pronouncement 30/01/2023

Section 195Section 195(6)Section 271Section 274

u/s 195 of the Act, Thus, the notice issued 274 r.w.s. u/s.271-I is bad in law as it does not specify which limb of section 271-I of the Act. In view of above, the penalty

ACIT, CIRCLE-3(2), SURAT vs. M/S. VINAY DIAMONDS, SURAT

In the result, appeal of the Revenue is dismissed

ITA 103/SRT/2020[2016-17]Status: DisposedITAT Surat26 Jun 2023AY 2016-17

Bench: Shri Pawan Singh, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.103/Srt/2020 (िनधा"रणवष" / Assessment Year: (2016-17) (Physical Court Hearing) Assistant Commissioner Of Income M/S Vinay Diamonds 201 To 205, 2Nd Floor, Avad Building, Tax, Circle-3(2), Surat, Room Vs. Opp. Mehta Petrol Pump, Katargam, No.410, Aaykar Bhavan, Majura Surat-395004 Gate, Surat-395001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aajfv 5089 M (अपीलाथ" /Appellant) (""थ"/Respondent)

For Appellant: Shri Vinod Kumar– Sr. DRFor Respondent: Shri Sapnesh R. Sheth, CA
Section 195(6)Section 271

u/s 195(6) r.w.Rule 37BB is not mandatory. The Form 15CA/15CB are required to be submitted only for those payments which are chargeable to tax in India and therefore later on the Government amended the provision of section 195(6) by issuing notification no.G.S.R. 978(E) dated 16tth December, 2015. It was further submitted that Section 195 of the Income

SHRIRANG SALES CORPORATION,SURT vs. ASSISTANT COMMISSIONER OF INCOME TAX - 1(2), SURAT

In the result, appeal of the Revenue is dismissed

ITA 147/SRT/2023[2016-17]Status: DisposedITAT Surat28 Jul 2023AY 2016-17

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.147/Srt/2023 Assessment Year: (2016-17) (Physical Hearing) Shrirang Sales Corporation, Vs. Assistant Commissioner Of Plot 866, G.I. D.C. Sachin, Sachin Income-Tax, Circle - 1(2), Surat, Road No.85, Chorasi, Aaykar Bhavan, Majura Gate, Surat– 394230 Surat-395001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aakfs8216Q (Appellant) (Respondent) Appellant By Shri Ketan Jagirdar, Ca Respondent By Ms. Jayshree Thakur, Sr. Dr Date Of Hearing 20/07/2023 Date Of Pronouncement 28/07/2023

Section 143(3)Section 195Section 195(6)Section 271Section 271ISection 274

section 195 of the Act before the Assessing Officer. Hence, penalty proceedings were initiated u/s 271-I of the Act and notice

GOPAL CHANDAK,SURAT vs. ACIT, CIRCLE 1(2), SURAT

In the result, the appeal of the assessee is allowed

ITA 904/SRT/2024[2016-17]Status: DisposedITAT Surat27 May 2025AY 2016-17

Bench: Shri Sanjay Garg & Shri Bijayananda Pruseth.

For Appellant: Shri Mehul Shah, ARFor Respondent: Shri Mukesh Jain, Sr. DR
Section 195Section 195(6)Section 250Section 271Section 6

penalty of Rs.43,00,000/- u/s 271-I of the Income Tax Act, 1961. 4. The brief facts of the case are that during the year under consideration, the assessee had made outward remittance for importing machineries from various foreign countries. On verification of the outward remittances made to various companies at China, “AO” observed that assessee has not furnished

LIGI BIJU KODDASARY,VAPI vs. ITO, WARD-5, VAPI, VAPI

In the result, the appeal of the assessee is allowed

ITA 727/SRT/2024[2013-14]Status: DisposedITAT Surat03 Mar 2025AY 2013-14

Bench: Shri Pawan Singh & Shri Bijayananda Prusethआयकर अपील सं./Ita No.727/Srt/2024 (Ay 2013-14) (Hybrid Hearing) Ligi Biju Koddasary Income Tax Officer, Ward-5, B-302, Sapphire Apartment, Vapi, 8Th Floor Fortune Square बनाम Raveshia Park, Murarji Circle, Ii, Above Tvz. Chala, Vs Gidc, Vapi-396 195 Vapi-396 191 [Pan : Anypk 5855 G] अपीलाथ"/Appellant ""थ" /Respondent

Section 115BSection 147Section 148Section 234ASection 250Section 254(1)Section 271(1)(c)Section 69A

195 Vapi-396 191 [PAN : ANYPK 5855 G] अपीलाथ"/Appellant ""थ" /Respondent िनधा"रती की ओर से /Assessee by Shri Parin Shah. CA राज" की ओर से /Revenue by Shri Mukesh Jain– Sr-DR सुनवाई की तारीख/Date of hearing 28.01.2025 उद्घोषणा की तारीख/Date of 03.03.2025 pronouncement Order under section 254(1) of Income Tax Act PER PAWAN SINGH