THE BOMBAY DYEING AND MANUFACTURING CO. LTD,MUMBAI vs. ASST CIT CIR 2(1), MUMBAI
In the result, the appeal of assessee is allowed
ITA 3673/MUM/2016[1994-95]Status: DisposedITAT Mumbai21 Feb 2018AY 1994-95
Bench: Shri C. N. Prasad, Jm &Dr. A.L.Saini, Am आयकरअपीऱसं./Ita No.3673/Mumbai/2016 (निर्धारणवषा / Assessment Year: 1994-95) M/S. The Bombay Dyeing Vs. Acit, Circle-2(1), Mumbai & Manufacturing Co. Ltd., Mumbai Neville House, J.N. Heredia Marg, Ballard Estate, Mumbai – 400 001. स्थायीऱेखासं./ जीआइआरसं./ Pan/Gir No. : Aaact 2328 K (Appellant) .. (Respondent) Appellant By :Shriyogesh A. Thar & Shri Chaitanya Joshi Respondent By :Shri Abhijeet Patankar, Dr सुनवाईकीतारीख/ Date Of Hearing : 19/02/2018 घोषणाकीतारीख/Date Of Pronouncement : 21/02/2018 आदेश / O R D E R Per Dr. Arjun Lal Saini, Am:
For Appellant: ShriYogesh A. Thar &For Respondent: Shri Abhijeet Patankar, DR
Section 143(3)Section 271(1)Section 271(1)(c)Section 274Section 37Section 80H
section 271(1)(c) of the Income Tax Act, 1961 read with Explanation 1
thereto.
5. On appeal, the ld. CIT(A) confirmed the penalty order passed by the AO holding that assessee deliberately included some income for claiming enhanced deduction u//s 80I & 80IA, etc. and has claimed wrong expenditure u/s
