Shri. Pankaj Ranka, Bangalore vs. Income-Tax Officer, Bangalore
In the result, the asssessee’s appeals is allowed for statistical purposes
ITA 35/BANG/2017[2012-13]Status: DisposedITAT Bangalore29 Nov 2017AY 2012-13
Bench: Shri Ak Garodia & Shri Pankaj Ranka, No.157, 15Th Cross, Cubbonpet Main Raod, Bengaluru. . Appellant Pan No. – Adzpr8650H. Vs. The Income-Tax Officer, Ward-2(3) (3), Bangalore. Respondent Appellant By : Shri Bharath L, C.A Respondent By : Shri Palani Kumar, Acit Date Of Hearing : 22-11-2017 Date Of Pronouncement : -11-2017 O R D E R
For Appellant: Shri Bharath L, C.AFor Respondent: Shri Palani Kumar, ACIT
Section 194ASection 197ASection 40
…IT, it may require separate penal action but for this reason, no addition can be made u/s 40(a)(ia) of the Act. It was also pointed out that the Tribunal has followed another decision rendered in the case of Vijaya ITA No.35/B/17 4 Bank Vs. ITO reported in 49 Taxmann.com 533. He has submitted copy of this Tribunal order also. 4. Regarding ground No.3, it was submitted that at page 52 of the paper book is the submissions made by the assessee before CIT(A) in which, it was pointed out that interest from M/s Vijaya Mohini Mills has been considered as income during the financial year 2009-10 to 2010-11 but that c…