M/S VRL LOGISTICS LTD,HUBLI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), HUBLI
In the result, the assessee’s appeal is allowed
ITA 2780/BANG/2017[2003-2004]Status: DisposedITAT Bangalore11 Mar 2022AY 2003-2004
Bench: Shri Chandra Poojari & Smt. Beena Pillai
For Appellant: Shri Himanshu Gandhi, AdvocateFor Respondent: Shri Priyadarshini Mishra, Addl.CIT(DR)(ITAT), Bengaluru
Penalty proceedings under section 271(1)(c) of the Act, are initiated accordingly for furnishing inaccurate particulars of income.”
ITA No.2780 /Bang/2017
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9. In this regard, the assessee submitted that bills and vouchers were submitted by the contractor in the subsequent year and after verification they were accounted for in the subsequent year only
