GODAVARI KHORE SAHAKARI DUDH UTPADAK SANGH LTD,,AHMEDNAGAR vs. ASSISTANT COMMISSIONER OF INCOME-TAX, AHMEDNAGAR CIRCLE ,, AHMEDNAGAR
In the result, the appeal filed by the assessee stands allowed
ITA 2335/PUN/2017[2013-14]Status: DisposedITAT Pune03 Mar 2021AY 2013-14
Bench: Shri Inturi Rama Rao, Am & Shri S. S. Viswanethra Ravi, Jm आयकर अपील सं. / Ita No.2335/Pun/2017 िनधा"रण वष" / Assessment Year : 2013-14 Godavari Khore Sahakari Dudh Utpadak Sangh Ltd., A/P Sahajanandnagar, Tal. Kopargaon, Dist. Ahmednagar. .......अपीलाथ" / Appellant Pan : Aaaag0652R बनाम / V/S. Acit, Ahmednagar Circle, ……""यथ" / Respondent Ahmednagar. Assessee By : Shri Prasanna Joshi Revenue By : Shri Vitthal Bhosale सुनवाई क" तारीख / Date Of Hearing : 02.03.2021 घोषणा क" तारीख / Date Of Pronouncement : 03.03.2021 आदेश / Order Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Of Ld. Commissioner Of Income Tax (Appeals)- 2, Pune (‘Cit(A)’ For Short) Dated 12.07.2017 Confirming The Levy Of Penalty U/S 271(1)(C) Of The Income Tax, Act, 1961 (‘The Act’ For Short) For The Assessment Year 2013-14. 2. Briefly, The Facts Of The Case Are That The Appellant Is Cooperative Society Engaged In The Business Of Milk Processing. The Appellant Society Filed The Return Of Income For The Assessment Year 2013-14 Through Electronically Mode On 22.09.2013 Disclosing Rs.Nil Income After Setting Off Of The Brought
For Appellant: Shri Prasanna JoshiFor Respondent: Shri Vitthal Bhosale
Section 143(3)Section 271(1)(c)
depreciation of Rs.10,55,526/-, disallowance of belated payment of employees contribution to PPF of Rs.33,43,522/-, additions on account of profit from business of sale of fertilizers and seeds and interest received from MSEB etc. Simultaneously, the Assessing Officer issued a show-cause notice for levy of penalty u/s 271
