SRI B.V. SREENIVASA REDDY,BELLARY vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), BANGALORE

In the result, the appeal filed by assessee stands allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year : 2012-13 Shri B.V. Sreenivasa Reddy, The Deputy Srinagar Colony, Commissioner Of Near Arunodhaya Income Tax, Hospital, Central Circle – 1[3], Siriguppa Road, Bangalore. Vs. Bellary. Pan: Afbpr9736C Appellant Respondent Assessee By : Ms. Sunaina Bhatia, Advocate : Shri Venudhar Godesi, Jcit Revenue By Dr Date Of Hearing : 19-07-2022 Date Of Pronouncement : 16-08-2022 Order Per Beena Pillaipresent Appeal Is Filed By Assessee Against Order Dated 19/01/2022 Passed By The Ld.Cit(A)-11, Bangalore For A.Y. 2012-13 On Following Grounds Of Appeal: “1. The Orders Of The Authorities Below In So Far As Levying Penalty U/S 271[1][C] Of The Act Against The Appellant Are Opposed To Law, Equity, Weight Of Evidence, Probabilities, Facts & Circumstances Of The Case. 2. The Order Of Penalty Passed U/S 271[1][C] Of The Act Is Bad In Law As The Notice Issued Under Section 274 Rws 271 Of The Act Is Not Discernable Whether The Penalty Proceedings Are Initiated For Furnishing Of Inaccurate Particulars Of Income Or Concealment Of Income Under The Facts & In The Circumstances Of The Appellant'S Case.