CHENNAKESAVA PHARMACEUTICALS VIJAYAWADA vs. THE COMI.OF INCOMETAX VIJ.
In the result, all the appeals are allowed setting aside the common
ITTA/31/2000HC Telangana27 Aug 2012
Bench: GODA RAGHURAM,M.S.RAMACHANDRA RAO
For Appellant: :Sri AV KrishnaFor Respondent: Sri J.V.Prasad
Section 133Section 143Section 260Section 271
disallowed and that itself cannot be a
ground for levying a penalty. He relied on Commissioner
of Income Tax Vs. Reliance Petroproducts Pvt. Ltd.[1]
a n d Commissioner
of
Income
Tax
Vs.
SAS
Pharmaceuticals[2].
2. For the levy of penalty under Section 271 (1) (c) of the Act,
the assessing officer has to form his own opinion
