ACIT, CIRCLE-2(2),, HYDERABAD vs. M/S KAKINADA SEZ PRIVATE LIMITED,, R.R.DIST
In the result, appeal of the Revenue is dismissed
ITA 1012/HYD/2013[2008-09]Status: DisposedITAT Hyderabad08 Oct 2020AY 2008-09
Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony(Through Virtual Hearing) Assessment Year:2008-09 The Income Tax Officer, Vs. M/S. Kakinada Sez Pvt. Ward-2(1), Ltd., Hyderabad. Shamshabad. Pan: Aacck 5670 R (Appellant) (Respondent) Assessee By: Shri Ronak Doshi Revenue By: Shri Pathlavat Peerya, Dr Date Of Hearing: 06/10/2020 Date Of Pronouncement: 08/10/2020 Order Per A. Mohan Alankamony, Am.:
For Appellant: Shri Ronak DoshiFor Respondent: Shri Pathlavat Peerya, DR
Section 271(1)(c)Section 57
U/s. 271(1)(c) r.w.s 250(6) of the Act for the AY: 2008-09. 2. The Revenue has raised four grounds in its appeal however the crux of the issue is that the Ld. CIT (A) has erred in deleting the penalty levied by the Ld. AO for Rs. 2,07,11,990/- invoking the provisions of section 271
