SHRI DATTA SHETKARI SAHAKARI SAKHAR KARKHANA LTD,KOLHAPUR vs. DCIT, CIR-1, KOLHAPUR, KOLHAPUR

In the result the appeal filed by the assessee in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

68,32,010/- without appreciating the facts of the case, and the fact that all the material facts regarding the issue of sale of sugar at concessional rate to members, are part of the record before Ld. AO, and the issue of allowability is highly debatable issue, in view of the same your appellant prays for deletion of entire penalty