DCIT CENTRAL CIRCLE-2, BHUBANESWAR vs. M/S. HOTEL SUKHAMAYA PVT. LTD, BHUBANESWAR

In the result, all the three appeals of the Revenue are dismissed

111 to 117 of Paper Book) e. Even though the assessee had not taken a specific plea of reasonable cause, it must be considered as applied to human action. Where the transactions are bona fide, penalty cannot be imposed Citation: CIT vs. M. Yesodha 351 ITR 0265 (Ref: page no. 118 to 120 of Paper Book

DCIT CENTRAL CIRCLE-2, BHUBANESWAR vs. M/S. HOTEL SUKHAMAYA PVT. LTD, BHUBANESWAR

In the result, all the three appeals of the Revenue are dismissed