AUTORIDERS INDIA P. LTD,MUMBAI vs. ASST CIT 9(1), MUMBAI
In the result, all the three appeals filed by the assessee are allowed, as above
ITA 2805/MUM/2012[2004-05]Status: DisposedITAT Mumbai17 Nov 2017AY 2004-05
Bench: D.T. Garasia & Shri G. Manjunathaassessment Year: 1997-98 Assessment Year: 1999-2000 Assessment Year: 2004-05 M/S. Autoriders India Pvt. Ltd., The Asst. Comm. Of Income 4-A, Vikas Centre, Tax-9(1), 104 S.V. Road, Vs. Aayakar Bhavan, Santacruz, Mumbai Mumbai – 400 054 Pan: Aaaca8939R (Appellant) (Respondent) Present For: Assessee By : Shri Vijay Mehta, A.R. Revenue By : Shri R.P. Meena, D.R. & Shri Rajesh Kumar Yadav, D.R. Date Of Hearing : 10.11.2017 Date Of Pronouncement : 17.11.2017 O R D E R
For Appellant: Shri Vijay Mehta, A.RFor Respondent: Shri R.P. Meena, D.R. &
Section 143(3)Section 271(1)(c)Section 274
3) read with section 147 of the Act in which the penalty has been initiated for furnishing of inaccurate particulars of income while the AO has levied the penalty for concealment of income. In respect of transaction with Autoriders the penalty has been initiated for furnishing of inaccurate particulars of income while the penalty has been levied for concealment