M/S. JYOTI PAPER UDYOG LTD,NASHIK vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, NASHIK
In the result, appeal of the assessee is allowed
ITA 702/PUN/2023[2013-14]Status: DisposedITAT Pune20 Sept 2023AY 2013-14
Bench: Shri R.S. Syal, Hon. Vice- & Shri Partha Sarathi Chaudhury, Hon.M/S. Jyoti Paper Udyog Ltd., Vs Acit, Circle-1, Plot No.B67, Nice, Midc Nashik. Satpur, Nashik – 422 007 Pan: Aaacj 7288 E Appellant Respondent Assessee By : Shri Sanket M. Joshi, Ca Revenue By : Shri Ramnath P Murkunde, Dr Date Of Hearing : 06/09/2023 Date Of Pronouncement : 20/09/2023 O R D E R Per Partha Sarathi Chaudhury, Jm: This Appeal Preferred By The Assessee Emanates From The Order Of National Faceless Appeal Centre [Nfac], Delhi, Dated 28.04.2023 For A.Y.2013-14 As Per The Grounds Of Appeal On Record.
For Appellant: Shri Sanket M. Joshi, CAFor Respondent: Shri Ramnath P Murkunde, DR
Section 271ASection 273BSection 40A(2)Section 40A(2)(b)Section 92CSection 92DSection 92E
transfer pricing provisions were made applicable to specified domestic transactions as well. Considering all these facts, let us examine the issue whether the case of the assessee falls within the ambit of „reasonable cause‟ as provided u/sec. 273B of the Act or not. Sec.273B of the Act encompasses various situations where penalty may not be levied, if reasonable cause
