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Section 271(2)2 Penalty2

THE COMMIR.OF INCOME-TAX A.P.-II.HYD. vs. MOHD.SIDDIQ PROP.M/S.HUMA ATCHANDRADIO.

In the result, Question No

ITTA/52/2001HC Telangana04 Jul 2013

For Respondent: Sri S.R. Ashok

Section 271(2)

Section 271(2) of the Income-tax Act, 1961 (for short “the Act”) for concealment of income amounting to Rs.8,29,966/- on three counts as mentioned below: a) Refundable empty bottle deposit Rs.5,19,329/- b) Packing and servicing charges Rs.1,26,096/- c) Unreconciled difference in the balance sheet Rs.1,84,541/- ___________ Total Rs.8,29,966/- ___________ The assessee

Commissioner of Income Tax-2, vs. Agricultural Market Committee,

The appeal of the assessee is allowed

ITTA/407/2011