MR. SRIDHAR MURTHY S,BENGALURU vs. INCOME-TAX OFFICER, NFAC, DELHI, BENGALURU
In the result, the appeal filed by the assessee is allowed
ITA 1175/BANG/2022[2018-19]Status: DisposedITAT Bangalore28 Feb 2023AY 2018-19
Bench: Shri George George K. & Ms. Padmavathy S.Shri Sridhar Murthy S Vs The Income Tax Officer Karle Zenith, 100 Ft Kemapura Nfac, Delhi Main Road, Kasaba Holbli Nagavara Village Bengaluru 560043 Pan – Awzps8682D (Appellant) (Respondent) Assessee By: Shri N. Rama Raju, Ca Revenue By: Shri Gudimella Vp Pavan Kumar, Jcit Date Of Hearing: 27.02.2023 Date Of Pronouncement: 28.02.2023 O R D E R Per: George George K., J.M. This Appeal At The Instance Of The Assessee Is Directed Against Nfac, Delhi/Cit(A)’S Order Dated 28.10.2022 Passed Under Section 250 Of The Income Tax Act, 1961 (The Act). The Relevant Assessment Year Is 2018-19. 2. The Grounds Raised By The Assessee Read As Follows: - “1. The Order Of The Learned Cit(A) , Is Opposed To Law, Weight Of Evidence, Natural Justice, Probabilities On Facts & Circumstances Of Case. 2. The Appellant Denies Itself Liable To Be Levy Of Penalty Of Rs.2,19,796/- Under The Provisions Of Section 270A Of The Act Under The Facts & Circumstances Of The Case.
For Appellant: Shri N. Rama Raju, CAFor Respondent: Shri Gudimella VP Pavan Kumar, JCIT
Section 143(3)Section 250Section 270ASection 270A(6)
house property loss to be carried forward to the tune of Rs. 4,22,012/- instead of Rs.
18,87,322/- claimed in the return of income. Penalty proceedings under Section 270A
