Search: penalty u/s 271

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Section 35D2 Section 682

M/S. KING ENTERTAINMENT PRIVATE LIMITED,NAWANSHAHR vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - II, JALANDHAR

In the result, the appeal of the assessee is partly allowed

ITA 523/ASR/2017[2005-06]Status: DisposedITAT Amritsar19 Dec 2019AY 2005-06

Bench: Sh. N. K. Choudhry & Sh. O. P. Meenai.T.A. No. 523/Asr/2017 Assessment Year: 2005-06

For Appellant: Written SubmissionsFor Respondent: Sh. Alok Kumar CIT-DR

Section 2Section 2(24)Section 271(1)(c)Section 35DSection 56Section 68

section 56 could be treated as income. However, no such exercise was done and addition was made. The Ld CIT(A) did not give any clear findings that the addition was deleted but from the order it is cleared that addition was deleted or intended to be deleted because he only confirmed addition of Rs.90,000/- and Rs.45