The Commissioner of Income Tax -III vs. Sri T.C. Reddy
The appeal stands dismissed
ITTA/577/2011HC Telangana28 Feb 2012
Penalty proceedings u/s 271(1)(c) r.w 274 of the
Income-tax Act for concealment and furnishing of
inaccurate particulars are initiated separately.
(iv) The assessee has booked various expenses of
contractual nature, vide order sheet entry dated
29.12.2009, the assessee was asked to show
cause why the same should not disallowed
u/s40a(ia). In response thereto the assessee
