MIRA DEVI DASRAPURIA,KHURDA vs. ITO, KHURDA WARD, KHURDA
In the result, appeal of the assessee is allowed
ITA 363/CTK/2016[2011-12]Status: DisposedITAT Cuttack31 Aug 2017AY 2011-12
Bench: Shri N.S.Saini, Am & Shri Pavan Kumar Gadale, Jm आयकर अपील सं./Ita No.363/Ctk/2016 ("नधा"रण वष" / Assessment Year :2011-2012) Smt. Mira Devi Dasrapuria, Vs. Ito, Khurda Main Road, Khurda-752055 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Abkpm 8607 J (अपीलाथ" /Appellant) (""यथ" / Respondent) .. "नधा"रती क" ओर से /Assessee By : Shri Mahesh Kumar Agarwalla,Ar राज"व क" ओर से /Revenue By : Shri D.K.Pradhan,Citdr सुनवाई क" तार"ख / Date Of Hearing : 24/08/2017 घोषणा क" तार"ख/Date Of Pronouncement 31/08/2017 आदेश / O R D E R Per Shri Pavan Kumar Gadale, Jm: The Assessee Has Filed An Appeal Against The Order Of Cit(A)-1, Bhubaneswar, Dated 15.7.2016, Passed In I.T.Appeal No.0317/15-16, U/S.271(1)(C) Of The Income Tax Act, 1961 For The Assessment Year 2011- 2012. 2. The Assessee Has Challenged The Action Of Cit(A) In Confirming The Penalty Levied U/S.271(1)(C) Of The Act, Though The Assessee Has Furnished Information & Accepted The Income In The Course Of Assessment Proceedings. 3. Brief Facts Of The Case Are That The Assessee Is In The Business Of Retail Trading In Cement & Iron Materials & Wholesale Distributor Of Airtel Rcv & Filed The Return Of Income Electronically For The Assessment Year 2010-2011 On 29.09.2011 With Total Income Of Rs.1,81,000/- & The Return Of Income Was Processed U/S.143(1) Of The Act. Subsequently
For Appellant: Shri Mahesh Kumar Agarwalla,ARFor Respondent: Shri D.K.Pradhan,CITDR
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 271(1)(c)Section 274(1)
260/- and passed the order
u/s.143(3) of the Act dated 26.3.2014. Subsequently the AO issued
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penalty notice u/s.274(1) r.w.s.275(1)(c) of the Act and the assessee has
filed written submissions and prayed for dropping the penalty
proceedings. The AO considered the findings of assessment and the submissions made in the course of assessment proceedings and
explanations
