Search: penalty u/s 271

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Section 271(1)(c)5 Section 194H2

N K PROTEINS PVT. LIMITED,AHMEDABAD vs. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE- 3(1)(1), AHMEDABAD

In the result, penalty u/s 271(1)(c) of the Act is directed to be deleted and the appeal of the assessee is allowed

ITA 463/AHD/2022[2011-12]Status: DisposedITAT Ahmedabad13 Jun 2024AY 2011-12

Bench: Shri Siddhartha Nautiyal (Judicial Member), Shri Makarand V. Mahadeokar (Accountant Member)

For Appellant: Shri Vartik Choksi, A.RFor Respondent: Shri Ketan Gajjar, CIT-D.R

Section 194HSection 250Section 271(1)(c)Section 40

penalty imposed on the assessee u/s 271(1)(c) of the Act has no legs to stand on and is liable to be deleted. 4. It would be useful to reproduce the relevant extracts of the ruling for ready reference. We observe that ITAT in assessee’s own case for assessment year 2011-12 vide order dated