YOG INDUSTRIES LTD.,,AURANGABAD vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,
In the result, the appeals of assessee are allowed and appeals of Revenue are dismissed
ITA 868/PUN/2015[2007-08]Status: DisposedITAT Pune15 Oct 2018AY 2007-08
Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.866 & 867/Pun/2015 यििाारण वषा / Assessment Years : 2005-06 & 2006-07 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.868 & 869/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, अऩीऱाथी/Appellant Aurangabad-431001 …. Pan: Aaacy1238P Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Circle 1, Aurangabad आयकर अपीऱ सं. / Ita Nos.881 & 882/Pun/2015 यििाारण वषा / Assessment Years : 2007-08 & 2008-09 The Asst. Commissioner Of Income-Tax, अऩीऱाथी/Appellant Circle 3, Aurangabad …. Vs. Yog Industries Ltd., 10, Shriniketan Colony, Jalna Road, …. प्रत्यथी / Respondent Aurangabad-431001 Pan: Aaacy1238P
For Appellant: None
Section 132Section 143(3)Section 153ASection 271(1)(c)
u/s 271(1)(c) at an amount of Rs.1,69,081/-.
ITA Nos.866 to 869/PUN/2015
2. The learned CIT(A) has further erred on facts and in law in levying a penalty of Rs.76,705/- by way of enhancement of penalty not levied by the Assessing Officer.
5. Briefly, in the facts of the case, assessment under section