In the result, the appeal of the assessee is dismissed
Bench: Shri Laliet Kumarassessment Year: 2017-18 Damodar Rao Bibinagar, Vs. The Additional 1-8-74/6, Commissioner Of Income Chikkadapally, Tax, Hyderabad, Hyderabad. Telangana – 500020. Pan : Afjpb5620F. (Appellant) (Respondent) Assessee By: Sri A.V. Raghuram, Advocate. Revenue By: Ms. Harshita Chouhan, Sr.Ar Date Of Hearing: 26/12/2023 Date Of Pronouncement: 27/12/2023
273B of the Act confers discretion on the authorities to not to levy in deserving cases, like the present case.” 3. The brief facts of the case are that assessee had sold property situated at H.No.1-54, New No-5-14-106, Plot No.54 in Survey No. 16 at Indira Nagar, Phase-Il, Meerpet Village, Kapra, Ranga Reddy Dist