DEMI REALTORS,HYDERABAD vs. DCIT, CIRCLE-6(1), HYDERABAD
In the result, the appeal of the assessee is partly allowed for statistical purposes on the above terms
ITA 156/HYD/2023[2008-09]Status: DisposedITAT Hyderabad05 Feb 2024AY 2008-09
Bench: Shri R.K. Panda & Shri Laliet Kumar
For Respondent: Ms. T. Vijaya Lakhsmi, CIT-DR
Section 143(3)Section 37(1)Section 40Section 40A(3)Section 40a
penalty u/s 234B of the Act by observing that the cash seized
should have been adjusted against the self assessment tax payable with the return of income. Thus, considering the totality of facts and circumstances of the case, we hold that interest charged u/s 234B of the Act in the peculiar facts and circumstances of the present case, deserves
