SRI KAUSHIK MUKHERJEE ,KOLKATA vs. ACIT, CIRCLE - 61, , KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri P.M. Jagtap, Vice-(Kz) & Shri A.T. Varkey

80G of the Act and since the explanation offered by the assessee in response to the show-cause notice issued during the course of the said proceedings was not found acceptable by him, the Assessing Officer imposed a penalty of Rs.5,15,155/- under section 271(1)(c) of the Income Tax Act, 1961. On appeal, the ld. CIT(Appeals

DCIT, CIRCLE - 35, KOLKATA , KOLKATA vs. M/S. KOLKATA PORT TRUST , KOLKATA

In the result, all the appeals of the assessee are partly allowed and COs of the assessee are dismissed and all the appeals of the revenue are dismissed