EVEREST KANTO CYLINDER LTD,MUMBAI vs. DCIT CIRCLE 3(4), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Rahul Chaudhary & Shri Prabhash Shankareverest Kanto Cylinder V/S. Deputy Commissioner Of Ltd. बनाम Income Tax, Circle – 3(4), 204,Raheja Centre, Free World Trade Centre 1, Cuffe Press Journal Marg, Parade, Mumbai – 400005, Nariman Point, Mumbai – Maharashtra 400 021, Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaace0836F Appellant/अपीलार्थी .. Respondent/प्रतिवादी

271(1)(c) of the Act it had to respond. 6.2 In view of plethora of decisions of various courts and coordinate benches of ITAT, this issue is no longer res integra. The coordinate ITAT, Mumbai bench in the case of ITA No. 962/Mum/2024 in Triumph Securities Ltd has in an exhaustive order involving similar issue has taken the same

MUKON CONSTRUCTION PRIVATE LIMITED,MUMBAI vs. ACIT CIRCLE 7(1)(1), MUMBAI

In the result, the appeal of the assessee is allowed

271(1)(c) of the Act he has to\nrespond.\n6.1 The coordinate ITAT,Mumbai bench in the case of ITA No.\n962/Mum/2024 Triumph Securities Ltd has in an exhaustive\norder involving similar issue has taken the same view of the matter\nquashing the penalty order. Relevant parts are extracted as under:\n\"5. The Ld.AR invited our attention

M.LAKHAMSI& CO. ,MUMBAI vs. DY. COMMISSIONER OF INCOME TAX 17(1), MUMBAI

In the result, the appeal of the assessee is allowed

271(1)(c) of the Act he has to\nrespond.\n6.1 The coordinate ITAT,Mumbai bench in the case of ITA\nNo962/Mum/2024 Triumph Securities Ltd has in an exhaustive\norder involving similar issue has taken the same view of the matter\nquashing the penalty order.Relevant parts are extracted as under:\n\"5. The Ld.AR invited our attention to the notice

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT, CENTRAL CIRCLE 1(2), MUMBAI

In the result all appeals of the assesses from AY 2014-15 to AY\n2020-21 are partly allowed

depreciation of Rs.38,02,913/-, it was submitted that said\nincome was offered in the return of income to avoid litigation on the\nmatter though the expenses disallowed were genuine expenses and\nhad been properly incurred. It was submitted that as per\nExplanation 5A of section 271(1)(c

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

section 153A of the Act, the AO did not make any separate additions did not make any separate additions, but issued did not make any separate additions eedings u/s 271(1)(c) of the Act for furnishing the penalty proceedings u/s 271(1)(c) of the Act eedings u/s 271(1)(c) of the Act inaccurate particulars of the income

SWARAN NADHAN SALARIA,MUMBAI vs. DICT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

section 153A of the Act, the AO did not make any separate additions did not make any separate additions, but issued did not make any separate additions eedings u/s 271(1)(c) of the Act for furnishing the penalty proceedings u/s 271(1)(c) of the Act eedings u/s 271(1)(c) of the Act inaccurate particulars of the income

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT, CENTRAL CIRCLE 1(2), MUMBAI

In the result all appeals of the assesses from AY 2014-15 to AY\n2020-21 are partly allowed

depreciation of Rs.38,02,913/-, it was submitted that said\nincome was offered in the return of income to avoid litigation on the\nmatter though the expenses disallowed were genuine expenses and\nhad been properly incurred. It was submitted that as per\nExplanation 5A of section 271(1)(c

SWARAN NADHAN SALARIA,MUMBAI vs. DCIT CENTRAL CIRCLE 1(2), MUMBAI

In the result all In the result all appeals of the assesses from AY 2014

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

section 153A of the Act, the AO did not make any separate additions did not make any separate additions, but issued did not make any separate additions eedings u/s 271(1)(c) of the Act for furnishing the penalty proceedings u/s 271(1)(c) of the Act eedings u/s 271(1)(c) of the Act inaccurate particulars of the income