M/S KUMAON MANDAL VIKASH NIGAM LTD.,NANITAL vs. ACIT, CIRCLE-3, NANITAL

In the result, the appeal of the assesse is allowed

Bench: SHRI YOGESH KUMAR U.S. (Judicial Member), SHRI MANISH AGARWAL (Accountant Member)

48,070/- and assessment was completed u/s 143(3) r.w.s 142(2A) of the Income Tax Act, 1961 M/s Kumaon Mandal Vikash Nigam vs. ACIT vide order dated 14.07.2016 by making various additions/disallowances. Thereafter, the impugned order of penalty u/s 271(1)(c) of the Act was passed on 26.03.2019 wherein penalty of Rs.3,25,735/- was levied u/s 271

MI OVERSEAS LTD.,MUMBAI vs. ADIT, DEHRADUN

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year