SHRI. K. RAMASWAMY,MYSORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE--2(1),, MYSORE
In the result, both the appeals by the assessee are allowed
ITA 1868/BANG/2018[2012-13]Status: DisposedITAT Bangalore12 Feb 2020AY 2012-13
Bench: Shri N.V. Vasudevan & Shri A.K.Garodia
For Appellant: Shri Tatakrishna, AdvocateFor Respondent: Shri Manjeeth Singh, Addl.CIT(DR)(ITAT), Bengaluru
Section 133ASection 148Section 271(1)Section 271(1)(c)Section 274
Section 271(1B) do not apply for the reason that the re-assessment order does not contain any direction for initiation of penalty proceedings.
7.3. The Learned Assessing Officer has failed to appreciate that the expression 'penalty proceedings initiated u/s 271(1