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2 results for “penalty u/s 271”+ Section 69Cclear

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Key Topics

Section 683Section 69C3Section 115B2Section 143(3)2Addition to Income2

GEETHIKA ENTERPRISES,HYDERABAD vs. INCOME TAX OFFICER, WARD 11(4), HYDERABAD, HYDERABAD

In the result, both the appeals by the assessee are\nallowed for statistical purposes

ITA 1239/HYD/2024[2014-15]Status: DisposedITAT Hyderabad10 Jan 2025AY 2014-15
For Appellant: \nAdvocate A Harish
Section 143(3)Section 271(1)(c)Section 69C

u/s 271(1)(c) of the I.T. Act, 1961 is\nconsequential and accordingly, set aside to the record of the\nAssessing Officer for fresh adjudication, if need arises.\n\n10.\nIn the result, both the appeals by the assessee are\nallowed for statistical purposes.\nOrder pronounced in the Open Court on 10th January, 2025.\nSd/-\n(MANJUNATHA, G)\nACCOUNΤΑΝΤ ΜΕMBER

SPECTRA EQUIPMENT PRIVATE LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD 3(1),, HYDERABAD

In the result, the appeal of the assessee is dismissed

ITA 500/HYD/2023[Assessment Year 2017-18]Status: DisposedITAT Hyderabad18 Dec 2024

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdiaassessment Year: 2017-18 Spectra Equipment Private Vs. The Income Tax Officer, Ward 3(1), Limited, Hyderabad. Hyderabad. Pan No.Aaccs8677C. (Appellant) (Respondent) Assessee By: Ms. Akanksha, C.A. For Shri Sunil Kumar Jain, C.A. Revenue By: Ms. Narmada, Cit-Dr For Shri Madan Mohan Meena, Sr.D.R. Date Of Hearing: 11.12.2024 Date Of Pronouncement: 18.12.2024

For Appellant: Ms. Akanksha, C.AFor Respondent: Ms. Narmada, CIT-DR for Shri Madan Mohan Meena
Section 115BSection 131Section 133(6)Section 143(1)Section 143(3)Section 68

u/s 115BBE was 30%+3% Cess as on first day of the Previous-Year i.e. 01.04.2016, therefore the tax-rate of 30%+3% Cess shall apply to the present case and not the higher rate, hence the assessment-order does not cause prejudice to the interest of revenue. The reason of projecting such a claim by assessee is that