PANKAJKUMAR CHIMANLAL LODHIYA,RAKJOT vs. THE ACIT, CENTRAL CIRCLE-2, RAJKOT, RAJKOT

u/s 271(1)(c) of the Income Tax Act, 1961, hence, the assessing officer,\nlevied penalty the under section 271(1) (C), of the Act, to the tune of\nRs.35,55,728/-\n14.\nIssue No.2- Deemed rent of more than one properties reflected in the\nBalance Sheet, Rs.1,80,000/-. During the course of assessment proceedings, on\nverification

PATLIPUTRA BUILDERS LIMITED,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the captioned appeals of the assessee for A

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm

11, 2013-14 and 2014-15 are hereby quashed and the penalty is levied therein u/s 271(1)(c) of the Act are hereby deleted. Legal grounds raised by the assessee challenging the validity of penalty order u/s 271(1)(c) of the Act are allowed. 022. Now, we take up the grounds challenging the levy of penalty u/s 271

PATLIPUTRA BUILDERS LIMITED,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the captioned appeals of the assessee for A

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm

11, 2013-14 and 2014-15 are hereby quashed and the penalty is levied therein u/s 271(1)(c) of the Act are hereby deleted. Legal grounds raised by the assessee challenging the validity of penalty order u/s 271(1)(c) of the Act are allowed. 022. Now, we take up the grounds challenging the levy of penalty u/s 271

PATLIPUTRA BUILDERS LIMITED,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the captioned appeals of the assessee for A

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm

11, 2013-14 and 2014-15 are hereby quashed and the penalty is levied therein u/s 271(1)(c) of the Act are hereby deleted. Legal grounds raised by the assessee challenging the validity of penalty order u/s 271(1)(c) of the Act are allowed. 022. Now, we take up the grounds challenging the levy of penalty u/s 271

PATLIPUTRA BUILDERS LTD,PATNA vs. ACIT CENTRAL CIRCLE-2, PATNA

In the result, all the captioned appeals of the assessee for A

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm

11, 2013-14 and 2014-15 are hereby quashed and the penalty is levied therein u/s 271(1)(c) of the Act are hereby deleted. Legal grounds raised by the assessee challenging the validity of penalty order u/s 271(1)(c) of the Act are allowed. 022. Now, we take up the grounds challenging the levy of penalty u/s 271

PATLIPUTRA BUILDERS LIMITED,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the captioned appeals of the assessee for A

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm

11, 2013-14 and 2014-15 are hereby quashed and the penalty is levied therein u/s 271(1)(c) of the Act are hereby deleted. Legal grounds raised by the assessee challenging the validity of penalty order u/s 271(1)(c) of the Act are allowed. 022. Now, we take up the grounds challenging the levy of penalty u/s 271

PATLIPUTRA BUILDERS LIMITED,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the captioned appeals of the assessee for A

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm

11, 2013-14 and 2014-15 are hereby quashed and the penalty is levied therein u/s 271(1)(c) of the Act are hereby deleted. Legal grounds raised by the assessee challenging the validity of penalty order u/s 271(1)(c) of the Act are allowed. 022. Now, we take up the grounds challenging the levy of penalty u/s 271