M/S. WORLDWIDE FOURTUNE HOMES ,KATHUA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, JAMMU

In the result, appeal of the assessee ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

capital gains I.T.A. No. 197/Asr/2023 5 Assessment Year: 2018-19 u/s 45 of the Act for the above said assessment year. Further the assessee has under reported its income in consequence to misreporting thereof, therefore, necessary penalty proceedings u/s 270A/274 are initiated separately in this case for the assessment year under reference.” 5.1 In the appeal order page