MAHENDRA SINGH DHARAMPAL & CO.,UDAIPUR vs. ACIT, CIRCLE-2, UDAIPUR
In the result, the appeal of the assessee is allowed
ITA 229/JODH/2024[2011-12]Status: DisposedITAT Jodhpur28 Jan 2026AY 2011-12
Bench: Dr. Mitha Lal Meena, Hon’Ble & Shri Sudhir Pareek, Hon’Blemahendra Singh Dharampal & Acit Circle 2, Co Udaipur - 313001 15-18, Diamond Plazza, Hiran Magri Sect 5, Udaipur - 313001 Pan No. Aadfm 9764 A Assessee By Shri Yogesh Pokharna, C.A. (Physical) Revenue By Shri K.C. Meena, Addl. Cit-Dr (Virtual) Date Of Hearing 13.01.2026. Date Of Pronouncement 28.01.2026. Order Dr. Mitha Lal Meena, A.M.: The Appeal Is Filed By The Assessee Against The Order Of The Commissioner Of Income Tax, Appeal [Hereinafter Referred To As The Cit(A)] Udaipur Dated 19.03.2024 For The Assessment Year 2011-12 Challenging Therein Confirmation Of Penalty Of Rs. 1,54,500/- Levied U/S 271(1)(C) By The Ao.
Section 113Section 139(4)Section 144Section 153ASection 271(1)(c)Section 40
carry forward loss by way of claiming the remuneration. Meaning thereby that the action taken by the assessee has been rather beneficial to the interest of Revenue.
Asst. Year: 2011-12
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6. In our view, on the issue of reduced losses due to revised computation of income furnished by the assessee, the penalty u/s 271
