ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE, SHILLONG, SHILLONG vs. MEGHALAYA POWER TRANSMISSION CORPORATION LIMITED, LUMJINGSHAI, SHILLONG

In the result, the appeal of the Revenue is allowed

263 of the Act\nfor fresh adjudication and in the assessment proceedings the Id. AO\nobserved that the assessee filed the ITR u/s 139(4) of the Act on\n07.10.2017, along with tax audit report belatedly and therefore, the\nbusiness loss claimed by the assessee is not allowable as per the\nprovisions of Section 80IA of the Income

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA , AGARTALA vs. SHRI SUBHAJIT PAUL, AGARTALA

In the result, cross-objection nos

Bench: Shri A. T. Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.116/Gau/2018 ("नधा"रणवष" / Assessment Year:2014-15)

penalty was held as procedurally defective. The provisions laid down u/s. 153D of the Act under consideration in the present case before us, are different as here the prior approval of Joint Commissioner is not required merely for direction for payment of the due amount of tax but overall approval of the assessment framed by the I.T.O. Thus, the cited

INCOME TAX OFFICER, WARD - NORTH LAKHIMPUR, NORTH LAKHIMPUR vs. TAMCHI KUSUK, ITANAGAR

In the result, the appeal as well as Cross Objection both are dismissed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

Penalty u/s 271(1)(c) initiated separately. Copy of order to the assessee. 30.12.2009 (Mrinal K. Das) Assistant Commissioner of Income Tax, Cir.-Tezpur 5. Dissatisfied with the above computation of income, the assessee went in appeal before the ld. CIT(Appeals). The ld. CIT(Appeals) held that the assessee is entitled for exemption under section