DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 2(1), JABALPUR vs. MADHYA PRADESH POWER GENERATING CO. LTD., JABALPUR
In the result, the Revenue's appeal is dismissed as not maintainable
ITA 251/JAB/2018[2008-09]Status: DisposedITAT Jabalpur23 Feb 2022AY 2008-09
Bench: Shri Sanjay Arora, Hon’Ble & Shri Manomohan Das, Hon'Ble
For Appellant: Shri Rahul Bardia, CAFor Respondent: Shri S.K. Halder, DR
Section 115Section 143(3)Section 147Section 154Section 271(1)(c)
195 ITR 1
(SC); ITO v. Mewalal Dwarka Prasad [1989] 176 ITR 529 (SC)), so that the issue of maintainability of penalty would be governed by the substituted
Explanation 4, interpretation of which, considering the acceptance by the Revenue of the view expressed in Nalwa Sons Investment Ltd. (supra) and, in fact, instructing its' officers accordingly, which is binding thereon
