MANOJ KUMAR EKAMBARAM ARCOT,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3(3)(1), BANGALORE

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan K.Assessment Year : 2015-16

54D, 54G and 54GA. For all the notices, the assessee had not filed their reply and thereafter a show cause notice for imposing penalty was issued to the assessee. The assessee appeared through the authorized representative and submitted that the assessee had purchased a new property and produced the copy of the sale agreement. The assessee had not produced