VRAJ AND VAJ CONSTRUCTION,JAMNAGAR vs. THE ACIT, CIRCLE - 2, JAMNAGAR
In the result, appeal filed by the Assessee is allowed
ITA 179/RJT/2019[2012-13]Status: DisposedITAT Rajkot07 Sept 2022AY 2012-13
For Appellant: Shri Mehul Ranpura, A.RFor Respondent: Shri B.D. Gupta, Sr.D.R
Section 143(3)Section 271(1)(c)Section 36(1)(va)Section 40
36(1)(va), disallowance u/s. 40(a)(ia) addition of short contract receipts and disallowance of depreciation on JCB machines. The Assessing Officer initiated penalty proceedings on the above disallowances and levied minimum penalty of Rs. 81,725/- being the tax sought to be evaded on concealed income.
3. Aggrieved against the same the assessee filed an appeal before
