Itta/222/2014 Of The Commissioner Of Income Tax v. Medha Servo Drivers (P) Ltd

HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAANDHON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A.No.222 of 2014 Date: 26-03-2014 Between: The Commissioner of Income Tax-IVHyderabad .....Appellant AND M/s Medha Servo Drivers Pvt. Ltd.,,Hyderabad. ...Respondent HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAANDHON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A.No.222 of 2014 JUDGMENT:(per Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta ) We have gone through the impugned judgment and order ofthe learned Tribunal and have heard Mr.J.V.Prasad, learnedCounsel for the appellant. The learned Tribunal has found that there is a basis forclaiming of deduction and it cannot be said that the assesseefurnished inaccurate particulars of income or concealed the sameand as such levy of penalty is not justified. We, therefore, dismissthis appeal. No order as to costs. ___________________ K.J. SENGUPTA, CJ __________________ SANJAY KUMAR, J 26-03-2014 Gsn