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

undisclosed foreign Bank account u/s 69A of the Income Tax Act,1961. In\nrespect of this addition, penalty u/s 271

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

penalty u/s 271(1)(c) was also initiated “for\nconcealment of income by furnishing inaccurate particulars of his income.”\n5\nITA No.76 to 81/RJT/2022 (AY 8-09 to 12-13 & 14-15)\nPankaj C Lodhiya\nThe assessing officer observed that the Hon'ble ITAT has restricted the addition\non account of income earned out of credit entries in undisclosed

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

penalty u/s 271(1)(c) was also initiated “for\nconcealment of income by furnishing inaccurate particulars of his income.\"\n5\nThe assessing officer observed that the Hon'ble ITAT has restricted the addition\non account of income earned out of credit entries in undisclosed

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

undisclosed foreign Bank account u/s 69A of the Income Tax Act,1961. In\nrespect of this addition, penalty u/s 271

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

penalty u/s 271(1)(c) was also initiated \"for\nconcealment of income by furnishing inaccurate particulars of his income.\"\n\n5\n\nThe assessing officer observed that the Hon'ble ITAT has restricted the addition\non account of income earned out of credit entries in undisclosed

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

penalty u/s 271(1)(c) was also initiated \"for\nconcealment of income by furnishing inaccurate particulars of his income.\"\n5\nITA No.76 to 81/RJT/2022 (AY 8-09 to 12-13 & 14-15)\nPankaj C Lodhiya\nH\nThe assessing officer observed that the Hon'ble ITAT has restricted the addition\non account of income earned out of credit entries in undisclosed

PRAKASH ASPHALTINGS AND TOLL HIGHWAYS (INDIA) LIMITED,MHOW vs. ASSISSTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, INCOME TAX DEPARTMENT, INDORE

In the result, the appeal is allowed

Bench: Shri B.M. Biyani & Shri Udayan Das Guptaassessment Year: 2014-15 Prakash Asphalting & Toll Acit Central Circle -1 Highways (India) Limited, Indore बनाम/ 76, Mall Road, Vs. Mhow (Assessee/Appellant) (Revenue/Respondent) Pan: Aabcp0398N Assessee By Shri Anup Garg & Vikas Guru, Ars Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 22.01.2025 Date Of Pronouncement 24.02.2025

penalty (30% of the undisclosed income. Against this charge the assessee should have been given a reasonable opportunity of being heard. From going through the above three notices issued to the assessee on 22.03.2016, 03.06.2016 and 16.09.2016, we find that there is no mention about various conditions provided 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

undisclosed income adjusted and determined by the Hon'ble ITSC is liable for penalty for concealment of income 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

undisclosed income adjusted and determined by the Hon'ble ITSC is liable for penalty for concealment of income u/s 271