THE PURSHOTTAM FARMERS CO.OP COTTON GINNING & PRESSING SOCIETY LTD.,SURAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(3), SURAT
In the result, this appeal of assessee is allowed
ITA 501/SRT/2023[2012-13]Status: DisposedITAT Surat05 Oct 2023AY 2012-13
Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Physical Hearing) The Purshottam Farmers Co. Op D.C.I.T., Cotton Ginning & Pressing Society Circle-2(3), Surat, Vs. Ltd., Aayakar Bhawan, Jahangirpura Gin, Jahangirpura, Majuragate, Surat, Rander, Surat, Gujarat-395009 Gujarat-395001. Pan No. Aaaat 3000 A Appellant/ Respondent Respondent/ Assessee
Section 254(1)Section 271(1)(c)Section 3Section 80P(2)(d)
80P(2)(d). It was not the case of furnish inaccurate particulars of income as presumed by the assessing officer.
Even otherwise rejection of claim of deduction would not automatically allow the assessing officer to levy penalty under section 271(1)(c). The ld. AR of the assessee submits that the case of assessee is absolutely covered by the decision
