M/S BINDRA WAREHOUSING CORPORATION vs. INCOME TAX OFFICER WARD 1(1),
In the result, the assessee’s appeal is allowed
ITA 153/JAB/2016[2008-09]Status: DisposedITAT Jabalpur30 Sept 2021AY 2008-09
Bench: Sh. Sanjay Arora, Hon'Bleassessment Year : 2008-09 Bindra Warehousing Income Tax Officer, Vs. Ward-1(1), Corporation, Itarsi
Section 143(3)Section 147Section 148Section 44ASection 80Section 80I
section. There is no income implication, even as none emanates from the (part of the) said reason, as recorded, as well. The assessee may at best be liable to penalty u/s.
271B. The first limb of the reason recorded, is, thus, clearly not valid.
4.3
The second limb of the reason recorded, to be read on its terms, concerns
