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

271E could be imposed and the penalty was cancelled. In the case of OMEC Engineers Vs. CIT (294 ITR 599), the assessee was a firm carrying on contract business. The assessee received Rs.20,000/- or more in cash from 11 persons between. February 14, 1993, and November 10, 1993, amounting to Rs.5 lakhs. The return filed by the assessee

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