APSARA BHAVANASAI ,HYDERABAD vs. INCOME TAX OFFICER, WARD-6(3), HYDERABAD
In the result, appeal of the assessee is allowed
ITA 970/HYD/2018[2008-09]Status: DisposedITAT Hyderabad18 Oct 2019AY 2008-09
Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhassessment Years: 2008-09 Apsara Bhavanasai, Vs. Income-Tax Officer, Hyderabad. Ward – 6(3), Hyderabad. Pan – Ahvpb 3872H Appellant Respondent Assessee By: Shri A.V. Raghuram Revenue By: Shri Nilanjan Dey Date Of Hearing: 14/10/2019 Date Of Pronouncement: 18/10/2019 O R D E R Per V. Durga Rao, J.M.: This Appeal Filed By The Assessee Is Directed Against The Order Of Cit(A) – 1, Hyderabad, Dated, 26/03/2018 For Ay 2008-09, Whereby He Confirmed The Penalty Levied U/S 271(1)(C) Of The Act.
For Appellant: Shri A.V. RaghuramFor Respondent: Shri Nilanjan Dey
Section 143(1)Section 271(1)(c)Section 54Section 54F
u/s 54F, due to ignorance of law, which cannot be said to the concealment of particulars of income and, hence, penalty proceedings cannot be attracted in assessee’s case.
6. The ld. DR, on the other hand, relied on the orders of revenue authorities.
7. Considered the rival submissions and perused the material on record. A glance of provision
