M/S RSATHI IRON AND STEELS I NDUSTRIES LTD. ,INDORE vs. ACIT,TDS. INDORE, INDORE
In the result of the appeal of the assessee is partly allowed and the penalty u/s 272A(1)(c) of the Act is confirmed to the extent of Rs
ITA 601/IND/2018[10-11]Status: DisposedITAT Indore05 Jul 2019
Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2010-11 M/S. Rathi Iron & Steels Acit, Tds बनाम/ Industries Ltd. Indore Vs. 103, Laxmi Tower, 576, Mg Road, Indore (Appellant) (Revenue) Pan: Aaccr2011B Appellant By Shri Venus Rawka, Ca Revenue By Shri R.P. Mourya, Sr. Dr Date Of Hearing: 25.06.2019 Date Of Pronouncement: 05.07.2019 आदेश / O R D E R Per Manish Borad, A.M: This Appeal By Assessee Pertaining To A.Y. 2010-11 Is Directed Against The Order Of Ld. Commissioner Of Income Tax(Appeals)-1, Indore, (In Short ‘Cit(A)’), Dated 13.04.2018 Which Is Arising Out Of The Order U/S 272A(1)(C) Of The Income Tax Act 1961(Hereinafter Called As The ‘Act’) Framed On 27.12.2016 By Acit(Tds), Indore. 2. The Assessee Has Raised Following Grounds Of Appeal: “That The Learned Ao Erred In Law & The Fact Of The Rathi Iron & Steel Industries Ltd. Itano.601/Ind/2018 Case & Levied The Penalty U/S 272A(1)(C) Of The Income Tax Act 1961 Of Rs.20,000/- Without Considering Full Facts. The Penalty Levied Therefore Is Wrong On The Facts Of The Case.
Section 131Section 201(1)Section 272A(1)(c)
TDS-II, Indore and for non-compliance to the said notices the Learned Assessing
Officer (in short ‘ld. AO’) levied penalty of Rs.10,000/- each thereby levying penalty of Rs.20,000/- u/s 272A(1)(c) of the Act vide order dated 27.12.2016. 4. Aggrieved assessee preferred an appeal before the ld. CIT(A) against the alleged levy of penalty
