SINGHBHUM GRAMODYOG VIKAS SANSTHAN,JAMSHEDPUR vs ITO EXEMPTION WARD , JAMSHEDPUR

Income Tax Appellate Tribunal, RANCHI, ‘E’COURT,AT KOLKATA

Before: SHRI S.S. GODARA, JM &DR. A.L.SAINI, AM

For Appellant: Shri Arpit Jain, CA

For Respondent: Shri A. K. Mohanti, Addl. CIT Sr. DR

Hearing: 13/07/2020Pronounced: 31/07/2020

आदेश / O R D E R Per Bench (Oral):

This assessee’s appeal for assessment year 2015-16 is directed against the CIT(A)-Jamshedpur’s order dated 06/12/2018 passed involving penalty proceedings u/s 271(1)(c ) of the Income Tax Act, 1961 ( in short the ‘Act’).

Heard both the parties. Case file perused.

It transpires at the outset that the assessee’s quantum appeal relating to impugned penalty proceedings bearing stands restored to the Ld. CIT(A) vide order dated 01.10.2019. We thus adopt consistency since the impugned penalty proceedings are consequential thereto. Ordered accordingly

Singhbhum Gramodyog Vikas Sansthan (SGVS) A.Y. 2015-16 3. In the result, the assessee’s appeal is allowed for statistical purposes.

Order pronounced in the Court on 31.07.2020

SINGHBHUM GRAMODYOG VIKAS SANSTHAN,JAMSHEDPUR vs. ITO EXEMPTION WARD , JAMSHEDPUR