M/S. NEOTECH EDUCATION FOUNDATION,VADODARA vs. THE JT.CIT, CENTRAL RANGE, VADODARA

In the result, both the appeals filed by the Revenue are dismissed and both the appeals filed by the assessee are allowed

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmedassessment Year: 2014-15

271E are not lawful as the appellant did not have taken or repaid any unsecured loans from its Directors. The CIT(A) has also not considered the legality of the case and disposed the appeal by dismissing appeal which is not reasonable. 3. As the penalties imposed were void, illegal or inoperative since inception of the proceedings

M/S. NEOTECH EDUCATION FOUNDATION,VADODARA vs. THE JT.CIT, CENTRAL RANGE, VADODARA

In the result, both the appeals filed by the Revenue are dismissed and both the appeals filed by the assessee are allowed