ARUNACHAL POLICE HOUSING & WELFARE CORPORATION LIMITED,PAPUMPARE vs. INCOME TAX OFFICER, WARD-ITANAGAR, ITANAGAR
In the result, appeal of the assessee is allowed
ITA 117/GTY/2020[2016-17]Status: DisposedITAT Guwahati25 Apr 2023AY 2016-17
Bench: Shri Rajpal Yadav, Hon’Ble & Shri Girish Agrawal, Hon’Ble
For Appellant: Shri Sanjay Mody, FCAFor Respondent: Shri N.T. Sherpa, JCIT, D/R
Section 10Section 143(3)Section 271(1)(c)Section 274
disallowing the exemption claimed under section 10(26B). Assessee paid the demand raised thereon of Rs.45,27,145/-.
2.2. Penalty proceedings were subsequently initiated by issuing notice u/s 274 rws 271(1)(c) of the Act, dated 12/12/2018. Penalty of Rs. 2,08,48,278/- was imposed by passing the impugned order under section 271(1)(c), dated 28/06/2019
