M/S. SHREE SAI ENTERPRISES,BHUBANESWAR vs. ADDL. CIT, RANGE-4, BHUBANESWAR
In the result, appeal of the assessee is allowed
ITA 290/CTK/2018[2014-15]Status: DisposedITAT Cuttack23 Aug 2019AY 2014-15
Bench: Shri Chandra Mohan Gargassessment Year: 2014-2015
For Appellant: Shri N.R.BiswalFor Respondent: Shri Subhendu Dutta, DR
Section 156Section 269SSection 271D
disallowed by the Assessing
officer during the assessment proceedings. I find that on similar issue,
Hon’ble Delhi High Court in the case of M/s. Muthoot Financiers (supra) has
dismissed the appeal of the revenue deleting the penalty levied u/s.271D of
the Act observing as under:
“9. Having heard the learned counsel for the parties, we are of the view
