TECNOTREE CONVERGENCE LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-7(1)(1), BANGALORE
In the result, the appeal of the assessee is allowed
ITA 1518/BANG/2017[2009-10]Status: DisposedITAT Bangalore11 Aug 2021AY 2009-10
Bench: Shri N.V. Vasudevan & Shri Chandra Poojariassessment Year : 2009-10
For Appellant: Shri K.R. Vasudevan, AdvocateFor Respondent: Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru
Section 10ASection 271(1)(c)Section 274Section 94
47,660 and the Commissioner of Income-tax (Appeals)-15 [‘Ld.CIT(A)'] erred in upholding the said order.
2. On the facts and circumstances of the case and in law, the Ld. AO and the Ld. CIT(A) erred in not appreciating the fact that penalty proceedings are separate and distinct from the assessment proceedings, and any additions/ disallowances made
