The Commissioner of Income Tax -III vs. Sri T.C. Reddy

The appeal stands dismissed

Penalty proceedings u/s 271(1)(c) r.w 274 of the Income-tax Act for concealment and furnishing of inaccurate particulars

The Commissioner of Income Tax (Central) vs. M/s Hyderabad Security and Off Set Printers Ltd.,

Bench: CHALLA KODANDA RAM,C.V.NAGARJUNA REDDY

u/s 132 of the Act and therefore such a surrender cannot amount to voluntary surrender and Date of Judgment 21-06-2018, ITA No.500/2017 The Pr. Commissioner of Income Tax CIT(A) & Another Vs. M/s Deccan Mining Syndicate Pvt. Ltd. 10/18 the Assessing Authority was justified in imposing penalty under Section 271

Principal Commissioner of Income Tax vs. M/s Nara Constructions,

Bench: CHALLA KODANDA RAM,C.V.NAGARJUNA REDDY

penalty under Section 271(1)(c) of the Act. However, Explanation 1 to Section 271(1)(c) states that where in respect of any facts material to computation of total income of an assessee, the assessee offers no explanation or where an assessee offers an explanation, which he is ITA No. 625/2017+connected Page 3 of 16 not able

Commissioner of Income Tax-2, vs. Agricultural Market Committee,

The appeal of the assessee is allowed

Bench: V.V.S.RAO,SANJAY KUMAR

Penalty proceeding u/s 271(1)(c) for furnishing inaccurate particulars/concealment of the income are being initiated separately on this issue

M/S.R.S.RANGADAS vs. THE ASST.COMMISSIONER OF INCOME TAX

Appeals are disposed of, with no order as to costs

Bench: C.V. BHASKAR REDDY,UJJAL BHUYAN

u/s 54F of the Income Tax Act, 1961? ITA No. 405/2005 (3) Whether the Income Tax Appellate Tribunal was correct in taking the market value of the shares quoted at the stock exchange on 05.05.1998 as the basis for computing the capital gains under Section 48 of the Income Tax Act?" 2. ITA No.389/2007 filed by the Director of Income

The Commissioner of Income Tax IV vs. Shri Raaj Kumar Jain

u/s 27 cannot implicate the accused in any way. In any case, the mere recovery of a kitchen knife can hardly be incriminating. 117. Neither the IO, nor the witnesses to the recoveries of the two knives and the axe depose to the weapons having any blood stains on them. Further neither do the seizure panchnamas mention the presence

PR COMMR OF INCOME TAX-2, HYDERABAD vs. K RAVINDER REDDY, HYDERABAD

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

penalty proceedings u/s 271(1)(c) the Act. 17. The total sales of the assessee in India during the year are ofRs.199,806,676/-. The profit @3.5% of the same works out to Rs.6,993,234/-. This is taxable as business income.” Assessed u/s 143(3) of the Act at income Rs.6,993,234/- at the applicable tax rate, surcharge