NARAYANA HRUDAYALAYA LIMITED ,BENGALURU vs. ACIT, CIRCLE-2(3)(1), BANGALORE

In the result, the appeal by the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Soundararajan K.Assessment Year : 2012-13

section 43B(f) of the Act was upheld. Thus, the contention of the assessee that it is a debatable issue is not acceptable. He further supported the reasons given by the AO for levy of penalty and accordingly the penalty levied of Rs.25,29,788 was confirmed. The assessee who aggrieved with that order is in appeal before