M/S EKLAVYA ESTATE PVT.LTD.,RANCHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, RANCHI, RANCHI

In the result, this appeal of the assessee is allowed

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahaym/S Eklavya Estate Pvt. Ltd., D.C.I.T., H-95, Harmu Housing Colony, Central Circle-2, Vs. Ranchi-834002 (Jharkhand) Ranchi. Pan No. Aabce 5815 F Appellant/ Assessee Respondent/ Revenue

1. For that the Ld CIT(A) was not justified in confirming the penalty of Rs. 2,83,995/-imposed by the Ld AO invoking section 270A of the Act. 2. For that the initiation of penalty proceedings was itself ab-initio void since the AO has specifically failed to mention the charges for which the proceedings have been initiated