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

2) Deemed rent of more than one properties, reflected in the Balance\nSheet Rs.1,80,000/-\n(3) Disallowance of payment of commission to Shri Rajesh Bhatt :\nRs.3,00,000/-\n9.\nIn order to levy penalty, u/s 271(1) (c) of the Act, on the above three\nitems, the assessing officer issued, show cause notice dated 05.07.2019 to the\nassessee

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

2,13,63,076/- 17/18th Jan. Settlement Commission had withdrawn Immunity from penalty and 2018 prosecution against the assessee 30.07.2018 Penalty order passed against the assessee u/s 271(1)(c) of the act Imposing penalty leviable @ 100% amounting to Rs. 1,93,52,140/- 15.03.2021 The appellant preferred appeal against the order

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

2,13,63,076/- 17/18th Jan. Settlement Commission had withdrawn Immunity from penalty and 2018 prosecution against the assessee 30.07.2018 Penalty order passed against the assessee u/s 271(1)(c) of the act Imposing penalty leviable @ 100% amounting to Rs. 1,93,52,140/- 15.03.2021 The appellant preferred appeal against the order

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

2,13,63,076/- 17/18th Jan. Settlement Commission had withdrawn Immunity from penalty and 2018 prosecution against the assessee 30.07.2018 Penalty order passed against the assessee u/s 271(1)(c) of the act Imposing penalty leviable @ 100% amounting to Rs. 1,93,52,140/- 15.03.2021 The appellant preferred appeal against the order

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

2,13,63,076/- 17/18th Jan. Settlement Commission had withdrawn Immunity from penalty and 2018 prosecution against the assessee 30.07.2018 Penalty order passed against the assessee u/s 271(1)(c) of the act Imposing penalty leviable @ 100% amounting to Rs. 1,93,52,140/- 15.03.2021 The appellant preferred appeal against the order

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

2,13,63,076/- 17/18th Jan. Settlement Commission had withdrawn Immunity from penalty and 2018 prosecution against the assessee 30.07.2018 Penalty order passed against the assessee u/s 271(1)(c) of the act Imposing penalty leviable @ 100% amounting to Rs. 1,93,52,140/- 15.03.2021 The appellant preferred appeal against the order

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

2,13,63,076/- 17/18th Jan. Settlement Commission had withdrawn Immunity from penalty and 2018 prosecution against the assessee 30.07.2018 Penalty order passed against the assessee u/s 271(1)(c) of the act Imposing penalty leviable @ 100% amounting to Rs. 1,93,52,140/- 15.03.2021 The appellant preferred appeal against the order

MUKESH KUMAR RANKA,INDORE, MADHYA PRADESH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, UJJAIN, UJJAIN, MADHYA PRADESH

Appeals are allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani

15,00,000/- for the year under consideration. In the penalty order, the Ld AO stated that the appellant has made voluntary disclosure in his statement u/s 132(4) of the Act and since all the conditions for levying penalty u/s 271AAB were being satisfied, the same had been levied. 4.1.3. In his turn, the counsel of the appellant