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Income Tax Case Laws - Section: 140A

 
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Cases for Section: 140A
Showing 1 to 15 of 135 Records
 

2015 (6) TMI 322 - ITAT DELHI

ACIT Versus Rakesh Kumar Garg

Penalty u/s 140A(3) - non payment of self assessment tax which was shown as payable in the return of income filed - CIT(A) deleted the penalty levy - Held that - No penalty notice was issued to the assessee u/s 221 of the Act and the penalty order wa.....

2015 (6) TMI 217 - KARNATAKA HIGH COURT

K. Nagesh Versus Assistant Commissioner of Income-tax, Bangalore

Refund the excess amount paid with interest - Held that - The declaration of income furnished by the assessee under the revised return is declared to be invalid. In such circumstances, the provisions of self-assessment under Section 140-A of the Act,.....

2015 (3) TMI 110 - DELHI HIGH COURT

CIT Versus Engineers India Ltd.

Entitlement to interest under Section 244A on refund - excess self-assessment tax paid under Section 140A - Held that - There cannot be a general rule that whenever a refund of income tax paid in excess is to be made, the Revenue must necessarily pay.....

2015 (2) TMI 409 - PUNJAB & HARYANA HIGH COURT

M/s Kudos Chemie Limited, Chandigarh Versus Commissioner of Income Tax, Chandigarh and another

Reduction of penalty levied under section 140A(3) - Tribunal restored the assessee's exigibility to penalty, but while doing so, has reduced the quantum of penalty to ₹ 10 lacs for each financial year - Held that - Tribunal reduced the quan.....

2014 (12) TMI 855 - DELHI HIGH COURT

Commissioner of Income Tax-VIII Versus Naresh Kumar Jaggi

Restriction of penalty imposed u/s 140A(3) to 25 - Held that - Assessee has earned substantial income in the year but he did not pay the due tax within the stipulated time after service of demand notice - assessee paid the admitted tax by 28.04.2011 .....

2015 (1) TMI 14 - GUJARAT HIGH COURT

COMMISSIONER OF INCOME TAX AHMEDABAD III Versus RAVI HANSRAJ GOUTHI (HUF)

Deletion of penalty u/s 140A(3) r.w. Section 221 failure to pay advance tax - Whether the Tribunal was justified in analyzing the accounts of the assessee as on 31st December 2006 and coming to the conclusion that the assessee had incurred huge losse.....

2014 (12) TMI 431 - ITAT HYDERABAD

M/s. Satabisha Biotech Pvt. Ltd. And Others Versus Income-tax Officer

Addition u/s 69 Allowability of expenses as cost of acquisition development Held that - Following the decision in M/s. Manas Greenland Pvt. Ltd., Hyderabad Versus Income Tax Officer (OSD) 2014 (12) TMI 399 - ITAT HYDERABAD the CIT(A) rightly of the v.....

2014 (8) TMI 971 - PUNJAB & HARYANA HIGH COURT

Commissioner of Income Tax, Chandigarh II Versus M/s Punjab Chemical and Crop Protection Limited, Chandigarh

Interest under section 244A(1)(b) - ITAT treating the tax paid on self-assessment as prepaid tax for the purpose of interest - Held that - In so far as the nature of payment of tax is concerned, the tax deducted at source, advance tax and also tax pa.....

2014 (8) TMI 483 - ITAT LUCKNOW

ASSTT COMMISSIONER OF INCOME TAX-6 KANPUR Versus M/s SHRI SHAKTI CREDITS LTD

Penalty u/s 140A(3) Tax liability not paid but admitted - tax was paid while filing revised return u/s 139(5) - Held that - When the return is filed u/s 139 of the Act and if any assessee fails to pay the whole or any part of such tax or interest or .....

2014 (11) TMI 6 - ITAT COCHIN

Hope Micro Credit Finance (P.) Ltd. Versus Assistant Commissioner of Income-tax, Circle-1, Palakkad

Levy of penalty u/s 221 r.w. Section 140A(3) Held that - The assessee is liable to pay the admitted tax for AY 2012-13 as per the return filed by the assessee - The assessee failed to pay this amount even after giving notice to the assessee vide noti.....

2014 (6) TMI 836 - ITAT MUMBAI

M/s PN WRITER & CO PVT LTD Versus ASSTT COMMISSIONER OF INCOME TAX

Disallowance of interest Applicability of Rule 8D of the Rules Investment in shares Held that - CIT(A) was of the view that a disallowance has to be made in accordance with the provisions of rule 8D(2)(iii) - nothing is borne out from the record that.....

2014 (5) TMI 1 - ITAT AHMEDABAD

ACIT, Circle-6, Ahmedabad Versus Shri Ravi Hansraj Gouthi (HUF)

Deletion of penalty u/s 140A(3) of the Act Self assessment tax not paid Assessee took a contention that due to losses, no funds was available to make the payment - Held that - As per the order/intimation made u/s 143(1) the due date of filing of retu.....

2014 (5) TMI 927 - ITAT DELHI

Naresh Kumar Jaggi Versus ACIT, CC-11, New Delhi

Restriction of penalty u/s 140A(3) of the Act Unpaid amount after expiry of period in demand notice Held that - CIT(A) has rightly determined the appeal to restrict the penalty at 25 tax liability of the assessee and gave relief of 75 of the tax liab.....

2013 (10) TMI 831 - ITAT MUMBAI

Diamondstar Exports Ltd. Versus ITO WD 8(1) (3) Mumbai

Penalty u/s. 221(1) r.w. Section 140A (3) assessee in default - Held that - Assessee did not file any reply before the AO and before the FAA it submitted that because of the mistake committed by the members of the staff tax could not be in time - FAA.....

2015 (6) TMI 308 - DELHI HIGH COURT

COMMISSIONER OF INCOME TAX (CENTRAL) -I Versus RAKESH GARG

Non-compliance of Section 246 (4) - Held that - There was a financial constraint faced by respondent assessee. Therefore, he took time to arrange for money but the said amount was duly paid before the appeal was dismissed by the first appellate autho.....

 
   
 
 
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