RAKESH KUMAR GUPTA,MAINPURI vs. ITO-2(5), MAINPURI

In the result, appeal of the assessee is allowed with the observation as above

Bench: Shri Laliet Kumar,And Dr. Mitha Lal Meena

penalty u/s 271(1)(c) on the I.T.A No.289/Agra/2018 4 (ASSESSMENT YEAR: 2011-12) assessee. All those principles along with the decisions relied upon by the revenue were considered by the coordinate bench in the matter of Sachin Arora (supra) and thereafter had decided the matter in favour of the assessee. Though the argument prejudice to the assessee and also