DCIT, C.C.XXVII, KOLKATA, KOLKATA vs. M/S. PRATAP PROPERTIES LTD., KOLKATA
Accordingly, the grounds raised by the revenue for all the assessment years are dismissed
ITA 1386/KOL/2010[2005-06]Status: DisposedITAT Kolkata10 Feb 2016AY 2005-06
Bench: Hon. Sri Mahavir Singh & Hon. Sri M.Balaganesh
For Appellant: Shri Nongothung Jungio, JCIT, ld.Sr.DRFor Respondent: Shri A.K Tibrewal, FCA, ld.AR
Section 132Section 132(4)Section 139(1)Section 153ASection 153CSection 271(1)
250/-
Asst Year 2007-08 – towards undisclosed interest – Rs. 36,51,503/-
4. The Learned CITA appreciated the contentions of the assessee and the various case laws relied upon by the assessee deleted the penalty u/s 271(1)(c ) of the Act for all the three years. Aggrieved, the revenue is in appeal before us for all the three years