PURUSHOTTAM NARAYANRAO JADHAO,NAGPUR vs. ITO WARD 3(4), NAGPUR

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

TDS credit, which was sufficient to cover the tax liability on the business income, as per the audited financial statements. 4. Whether on the facts and in law, the learned AO erred in levying penalty under section 271(1)(c) of Rs.15,48,196

INCOME TAX OFFICER WARD-2, KHAMGAON, KHAMGAON vs. RENUKA OIL INDUSTRIES, KHAMGAON

In the result, Revenue’s appeal stands dismissed