BHIMA GOLD AND DIAMONDS,ADOOR vs. ASSISTANT COMMISSIONER OF INCOME TAX, KOLLAM
Appeal is allowed in above terms
ITA 570/COCH/2023[2016-17]Status: DisposedITAT Cochin23 Oct 2024AY 2016-17
Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhbhima Gold & Diamonds Assistant Commissioner Of Central Junction Income Tax Vs. Adoor 691523 Kollam [Pan: Aanfb8547J] (Appellant) (Respondent)
For Appellant: Shri R. Krisahnan, CAFor Respondent: Smt. V. Swarnalatha, Sr. D.R
Section 250Section 271(1)(c)Section 40
u/s. 250 of the Income Tax Act,
1961 (the Act).
Heard both parties at length. Case file perused.
2. Coming to the sole substantive ground that both the lower authorities have erred in law and on facts in levying the impugned section 271(1)(c) penalty of Rs.3,83,160
