M/S. AGARWAL TRANSPORT CORPORATION,CUTTACK vs. ITO, WARD-2(1), CUTTACK

In the result, both appeals of the assessee are allowed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita Nos.406&407/Ctk/2019 (नििाारण वषा / Assessment Years :2012-2013 & 2013-2014) M/S Agarwal Transport Corp. Vs. Ito, Ward-2(1),Cuttack At: Bagha Mangala Lane, Mangalabag, Po: Buxi Bazar,Cuttack-753001 स्थायी लेखा सं./Pan No. : Aaffa 2795 K (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) : ननधाारिती की ओर से /Assessee By : Shri S.N.Sahu & Shri Somnath Sahu, Advocates िाजस्व की ओर से /Revenue By : Shri Subhendu Dutta, Dr सुनवाई की तािीख / Date Of Hearing : 28/11/2019 घोषणा की तािीख/Date Of Pronouncement : 16/12/2019 आदेश / O R D E R Per L.P.Sahu, Am: These Two Appeals Filed By The Assessee Against The Order Of Cit(A), Cuttack, Dated 07.09.2018 & 31.08.2018 For The Assessment Years 2012-2013 & 2013-2014. 2. The Sole Issue Involved In Both The Appeals Of The Assessee Is With Regard To Confirming The Penalty Levied U/S.271A Of The Act. 3. Brief Facts Of The Case Are That The Assessee Derives Income From Execution Of Transportation Works In The Name & Style Of ‘M/S Agarwala Transport’ & Filed Its Return Of Income On 27.09.2012 For The A.Y.2012-2013 Declaring Total Income At Rs.11,61,300/-. Similarly, The Assessee Filed Its Return Of Income For A.Y.2013-2014 On 21.09.2013 Declaring Total Income At Rs.10,67,380/-. Both The Cases Of The Assessee

K (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) : ननधाारिती की ओर से /Assessee by : Shri S.N.Sahu & Shri Somnath Sahu, Advocates िाजस्व की ओर से /Revenue by : Shri Subhendu Dutta, DR सुनवाई की तािीख / Date of Hearing : 28/11/2019 घोषणा की तािीख/Date of Pronouncement : 16/12/2019 आदेश / O R D E R Per L.P.Sahu, AM: These two appeals filed by the assessee against the order