TERRA INFRA DEVELOPMENT LIMITED,NAGPUR vs. ACIT CIRCLE-3, NAGPUR

In the result, appeal filed by the assessee is allowed

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

depreciation as discussed in the assessment order. The Assessing Officer also initiated penalty proceeding under section 270A of the Act against the disallowance made in the assessment order on account of underreporting of income. 5. The assessee has not filed appeal challenging the addition made in view of no tax effect. The assessee furnished Form no.68, seeking immunity from penalty

RAVINDRA MADANLAL KHANDELWAL,AKOLA vs. DCIT/ACIT CIRCLE , AKOLA

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