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1 result for “penalty u/s 271”+ Section 144B(1)(xi)clear

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Chandigarh7Mumbai5Ahmedabad5Delhi3Jaipur3Visakhapatnam2Allahabad2Lucknow1Bangalore1

Key Topics

Section 1485Section 1473Section 283

NVIDIA GRAPHICS PRIVATE LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(4), BANGALORE

In the result, appeal filed by the assessee s party allowed

ITA 1111/BANG/2024[2014-15]Status: DisposedITAT Bangalore23 Oct 2024AY 2014-15

Bench: Shri George George K & Ms. Padmavathi. Sr Assessment Year : 2014-15 M/S. Nvidia Graphics Pvt. Ltd., Vs. Acit, Mahadevpura Village, Central Circle – 2(4), K. R. Puram Hobli, Marathalli Bangalore. Bagmane Goldstone Building, North Tower, Mahadevpura S.O, Bangalore – 560 048. Pan : Aabcn 9200 H Appellant Respondent Assessee By : Shri. Nageshwar Rao, Advocate Revenue By : Ms. Neha Sahay, Jcit(Dr)(Itat), Bengaluru. Date Of Hearing : 17.10.2024 Date Of Pronouncement : 23.10.2024

For Appellant: Shri. Nageshwar Rao, AdvocateFor Respondent: Ms. Neha Sahay, JCIT(DR)(ITAT), Bengaluru
Section 143(3)Section 147Section 148Section 234BSection 234CSection 250Section 271(1)(c)
Section 28

penalty proceedings under section 271(1)(c) of the Act is not justified in law. 10.Appellant craves leave to add, amend, substitute, alter, modify or delete any of the above grounds of appeal at the time of hearing. 3. Brief facts of the case are as follows: Assessee is a company engaged in the business of development of graphics, media