Case Law Details
Prajatantra Prachar Samity Vs DCIT (ITAT Cuttack)
It is noticed that the Co-ordinate Bench of this Tribunal has already deleted the additions made in the quantum assessments on the basis of which penalty has been levied u/s.271(1)(c) of the Act for all the three assessment years, we are of the view that the penalty has no more legs to stand. Consequently, we cancel the penalty levied u/s.271(1)(c) of the Act by the AO and confirmed by the ld CIT (A) for the impugned assessment years.
FULL TEXT OF THE ORDER OF ITAT CUTTACK
These are appeals filed by the assessee against the consolidated order of the CIT(A), Cuttack dated 28.11.2008 in Appeal No.0025,0026, 2227/08-09 for the assessment years 1989-90, 1985 -86 and 1993-94, respectively.
2. Shri S.K.Hota and Shri S.K.Agarwal, ld ARs appeared for the assessee and Shri S.C.Mohanty, ld Sr DR appeared for the revenue.
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