M/S. YACHIO ENGINEERING CO. LTD., [REPRESENTED BY HOOGHLY RIVER BRIDGE COMMISSIONERS],KOLKATA vs. ADIT (INTERNATIONAL TAX) - II, KOLKATA , KOLKATA
In the result, appeal of assessee is allowed
ITA 337/KOL/2018[2001-02]Status: DisposedITAT Kolkata01 May 2019AY 2001-02
Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am] I.T.A. No. 337/Kol/2018 Assessment Year: 2001-02
Section 271(1)(c)Section 44D
44D was a presumptive section for assessment of entities having income in the nature of Royalties,
Fees for Technical Services etc at a lower rate of taxation.
3. The Assessing Officer also initiated penalty proceedings u/s 271
