B.ADINARAYANA,,ANAKAPALLE vs. THE ITO,, ANAKAPALLE
In the result, appeal filed by the assessee is allowed
ITA 361/VIZ/2015[2003-04]Status: DisposedITAT Visakhapatnam12 Jan 2018AY 2003-04
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleb. Adinarayana, Vs. Ito, Ward-1, S/O Ramu Naidu, D.No. 5-9-32, Anakapalle. Lakshmi Devi Peta, Anakapalle-1. Pan No. Aetpb 5443 B (Appellant) (Respondent)
For Appellant: Shri C.V.S. Murthy – FCAFor Respondent: Shri R.S. Aravindakshan – Sr.DR
Section 271(1)(c)Section 274
undisclosed interest income of Rs. 60,000/-. Subsequent to that, assessee preferred an appeal before the ITAT. However, the ITAT in its common order in ITA No. 42 & 55/Vizag/2007 dated
12/08/2009, dismissed both the appeals filed by the assessee as well as revenue. Thereafter, Assessing Officer has initiated penalty proceedings and issued show-cause notice under section 274 r.w.s. 271
