SHRI VIJAY CHAMPAK PATEL,SURAT vs. THE INCOME TAX OFFICER, WARD-6(4), SURAT
In the result, appeal filed by the assessee is allowed
ITA 281/AHD/2016[2011-12]Status: DisposedITAT Surat09 Oct 2020AY 2011-12
Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.281/Ahd/2016 ("नधा"रणवष" / Assessment Year: 2011-12) Vijay Champak Patel, Vs. Income Tax Officer, Pachhlu Faliyu, Near Water Ward-6(4), Surat Tank, Bharthana, Vesu, Surat
For Appellant: Shri Rasesh Shah - CAFor Respondent: Shri O P Meena – Sr. DR
Section 139Section 143(3)Section 271Section 271(1)Section 271(1)(c)Section 54ESection 54F
u/s.
271(1)(c) r.w.s 274 of the Act is initiated separately on this point.”
7. During the penalty proceedings vide penalty order u/s.271(1)(c) dated
24/09/2014, the Assessing Officer noted that deduction u/s.54EC of the Act was to be allowed to the assessee on the amount of Rs.50,00,000/- invested within the specified period