M/S MERIDIAN PROMOTERS (P) lTD., vs. DEPUTY COMMISSIONER OF INCOME TAX

In the result, the Appeal is allowed and the order, dated 26

Bench: The Commissioner Of Income Tax (Appeal) In Ita.No.0782/Cc-2,Vizag/Cit(A)-

34,014/- is not right in law. The Tribunal ought to have considered that the disallowance of 25% of the labor chares is not right in law. There was no gross negligence on the part of the assessee. There was no mala fide intention on the part of the assessee in not preferring the appeal within the period of limitation

THE PR.COMMISSIONER OF INCOME TAX vs. SRI KOUNDINYA EDUCATIONAL SOCIETY

Bench: C.PRAVEEN KUMAR,CHEEKATI MANAVENDRANATH ROY