ASSISTANT COMMISSIONER OF INCOME TAX , CHANDRAPUR CIRCLE , CHANDRAPUR vs. M/S CHANDRAPUR DISTRICT CENTRAL CO-OPRATIVE BANK LIMTED , CHANDRAPUR

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

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

set aside." The situation in the present case is still better as no fault has been found with the particulars submitted by the assessee in its return." The ratio laid down by the Hon'ble Apex Court squarely applies to the facts in case of appellant. In the facts of present case, the entire penalty is based upon the facts