LATE ABBASHBHAI ISMAILBHAI SHEKH, L/H. JENAMBEN ABBASBHAI SHEKH,JAMNAGAR vs. THE ITO -WARD- 3(5), JNR, /JAMNAGAR
In the result, the appeal of the assessee is allowed
ITA 173/RJT/2019[2011-12]Status: DisposedITAT Rajkot28 Feb 2020AY 2011-12
Bench: Shri Waseem Ahmed & Ms Madhumita Royआयकर अपील सं./I.T.A. Nos.173 To 177/Rjt/2019 ("नधा"रण वष" / Assessment Year 2011-12) बनाम/ Late Abbashbhai Ismail Shekh I.T.O., L/H Jenamben Abbasbhai Shekh, Ward-1(5), Vs. Vanza No Delo, O/S Khoja Gate, Jamnagar. Sandhi Jamatkhana Street, Jamnagar.
For Appellant: Shri Chetan Agarwal , A.RFor Respondent: Shri Suhas Mistry, Sr. D.R
Section 144Section 147Section 148
capital gain in dispute subject to the verification by the AO.
In the event, the assessee succeeds before the AO then, the entire assessment shall become the null and void. Thus in such a situation in our considered view there cannot be any penalty under section 271F
