Search: penalty u/s 271

1 result for “penalty u/s 271”+ Section 88Eclear

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Ahmedabad7 Mumbai4 Chandigarh1 Delhi1

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Section 88E8 Section 1473 Section 143(3)2

M/S SRU SECURITIES LTD.,LUDHIANA vs. ACIT, LUDHIANA

In the result, the appeal of the assessee is hereby allowed

ITA 12/CHANDI/2017[2008-09]Status: DisposedITAT Chandigarh15 May 2018AY 2008-09

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumarassessment Year : 2008-09

For Appellant: Sh. Sudhir Sehgal, AdvocateFor Respondent: Sh. Manjit Singh, Sr.DR

Section 143(3)Section 147Section 234BSection 271(1)Section 88ESection 88E(2)

penalty u/s 271(1) (c ) has wrongly been initiated by the Assessing Officer and interest u/s 234B has wrongly been charged. 3. The perusal of above grounds of appeal reveal that apart from challenging the addition made by the Assessing officer by way of withdrawing a part of rebate given u/s 88E of the Income-tax Act, 1961 (in short