M/S SILVER AND ART PALACE,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR
In the result, the appeal filed by the assessee is allowed
ITA 236/JPR/2018[2015-16]Status: DisposedITAT Jaipur11 Feb 2019AY 2015-16
For Appellant: Shri Vinod Kumar Gupta (C.A.)For Respondent: Shri B.K. Gupta (CIT)
Section 132Section 132(4)Section 143(3)Section 158BSection 246ASection 250Section 271A
271(1) are initiated by the assessing authority during the course of the assessment proceeding under Section 143(3), the impugned penalty proceedings under Section 271AAB are fully justified and are initiated in accordance with law. We find that the order of the ITAT cannot sustain, therefore, the same is set aside and the penalty orders under Section 271AAB
