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No penalty on income surrendered in survey proceedings which was disclosed in return of Income
Case Law Details
- Case Name
- Vasavi Shelters Vs. The Income Tax Officer (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007- 08 And 2008- 09
- Courts
- All ITAT, ITAT Bangalore
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ITAT BANGALORE BENCH ‘B’
Vasavi Shelters
versus
Income-tax Officer, Ward 4(1), Bangalore
IT APPEAL NOS. 499 & 500 (BANG.) OF 2012
[ASSESSMENT YEARS 2007-08 AND 2008-09]
FEBRUARY 22, 2013
ORDER
N.V. Vasudevan, Judicial Member
These are appeals by the assessee against the common order dated 08.02.2012 of the CIT(Appeals)-II, Bangalore relating to assessment years 2007-08 and 2008-09. In these appeals, the assessee challenges the order of the CIT(Appeals) whereby he upheld the order of the AO imposing penalty on the assessee u/s. 271(1)(c) of the Act.
2. The facts and circumsta...
