TRANSWIND COMMUNICATION ELECTRONICS PVT. LTD.,,AHMEDABAD vs. THE DY.CIT, (OSD), CIRCLE-8,, AHMEDABAD

In the result, assessee’s appeal is dismissed

Bench: Shri Amarjit Singh & Ms. Madhumita Roy

u/s 271(1)(c) of the I. T. Act. I, therefore, levy a minimum penalty @ 100% of the amount of tax sought to be evaded on account of filing of inaccurate particulars of income, which works out to Rs. 3,85,614/-, against the maximum penalty of Rs. 11,56,842/- on the assessee.” In appeal, the Learned

ITO, WARD-4(2)(1),, AHMEDABAD vs. M/S.RUSHABH VATIKA,, RAJKOT

In the result, the appeal preferred by the Revenue is dismissed