APPAYYA KAVEERAPPA KOTTARSHETTY,BELGAUM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -1, BELAGAVI
In the result, appeal filed by the assessee is allowed
ITA 204/PAN/2023[2017-18]Status: DisposedITAT Panaji29 Jul 2025AY 2017-18
Bench: SHIR PAVAN KUMAR GADALE (Judicial Member), SHRI GD PADMAHSHALI (Accountant Member)
For Appellant: Shri.Anil I Ramdurg. ARFor Respondent: Shri.DeshmukhSPrakash.Sr.DR
Section 270A
capital gains exemption claimed in the earlier year as additional income and assessed the total income of Rs.1,90,01,808/- and passed the order u/sec143(3) r.w.s147 of the Act dated 31.01.2020. 3. Subsequently, the A.O. has initiated penalty proceedings u/sec 270A of the Act for under reporting of income and the A.O has issued show cause notice
