M/S. AGARWAL TRANSPORT CORPORATION,CUTTACK vs. ITO, WARD-2(1), CUTTACK
In the result, both appeals of the assessee are allowed
ITA 406/CTK/2018[2012-13]Status: DisposedITAT Cuttack16 Dec 2019AY 2012-13
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
For Appellant: Shri S.N.Sahu &For Respondent: Shri Subhendu Dutta, DR
Section 145(3)Section 271ASection 44A
TDS made on payment of interest to unsecured loan creditors and also proof of payment of outstanding service tax payable amounting to Rs.7,15,404/-. As regards production of books of account as maintained by the assessee, the authorized representative vide his written submission dtd. 15/12/2014 submitted as under :-
"In response to your query regarding the production of books
