M/S HIMACHAL FASHION PVT. LTD.,LUDHIANA vs. ITO, W-6(3), LUDHIANA
In the result, the appeal of the Assessee is allowed
ITA 8/CHANDI/2020[2012-13]Status: DisposedITAT Chandigarh10 Sept 2024AY 2012-13
Bench: Shri Krinwant Sahay & Shri Paresh M. Joshiआयकर अपील सं./ Ita No. 8/Chd/2020 िनधा"रण वष" / Assessment Year: 2012-13
For Appellant: Shri Ashwani Kumar, CAFor Respondent: Shri Danish Abdullah, JCIT, Sr. DR
Section 139(1)Section 271Section 271(1)(c)Section 27lSection 80Section 80ASection 80I
27l(l)(c) of I. T. Act, 1961
were initiated for furnishing inaccurate particulars of income.
5. During the penalty proceedings, the Assessee submitted that since the return of income was a belated return, so this may be a reason to disallow the claim of considered u/s 80IC of the Act but it cannot be considered as filing of inaccurate
