MATHALA VENKATA SURYA SIVA PRASAD, ,RAJAHMUNDRY vs. THE INCOME TAX OFFICER, WARD-4,, RAJAHMUNDRY
In the result, appeal of the assessee is allowed
ITA 113/VIZ/2019[2011-12]Status: DisposedITAT Visakhapatnam19 Jul 2019AY 2011-12
Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.113/Viz/2019 (ननधधारण वर्ा/Assessment Year : 2011-12) Shri Mathala Venkata Surya Vs. Income Tax Officer Siva Prasad Ward-4 D.No.29-1-23C Rajahmundry Devichowk, Rajahmundry [Pan :Adcpm6281E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri C.Subrahmanyam, Ar प्रत्यधथी की ओर से / Respondent By : Shri P.Srinivasa Murthy, Dr सुनवधई की तधरीख / Date Of Hearing : 16.07.2019 घोर्णध की तधरीख/Date Of Pronouncement : 19.07.2019 आदेश /O R D E R
For Appellant: Shri C.Subrahmanyam, ARFor Respondent: Shri P.Srinivasa Murthy, DR
Section 133ASection 143(3)Section 271Section 271(1)(c)Section 68
68 of Rs.4,17,031/-, Rs.36,533/- and consequent interest of Rs.48,259/-. Accordingly, the AO has initiated penalty u/s 271(1)(c) by issue of notice dated 27.03.2014 and levied the penalty of Rs.98,279/- u/s 271(1)(c) of the Act.
3. Aggrieved by the order of the AO, the assessee went on appeal before