APPAYYA KAVEERAPPA KOTTARSHETTY,BELGAUM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -1, BELAGAVI

In the result, appeal filed by the assessee is allowed

Bench: SHIR PAVAN KUMAR GADALE (Judicial Member), SHRI GD PADMAHSHALI (Accountant Member)

Section 270A of the Act dated 25-03-2021 has submitted the explanations along with the details on 09-04-2021 through E-Portal of the ITBA and the Assessing Officer has overlooked the submissions . The Ld.AR also submitted that the penalty provisions shall not be attracted as the tax liability due to Long term Capital gains