Itta/264/2013 Of The Commissioner Of Income Tax v. Sri S. Nanda Gopal Reddy

IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH,HYDERABAD THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAAND THE HON’BLE Ms. JUSTICE G. ROHINI I.T.T.A. No. 264 of 2013 DATE: 12.07.2013 Between: The Commissioner of Income TaxGuntur. … Appellant And Sri S. Nanda Gopal ReddyNellore District. … Respondent This court made the following: THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAANDTHE HON’BLE Ms. JUSTICE G. ROHINI I.T.T.A. No. 264 of 2013 JUDGMENT:(Per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta) We have heard the learned counsel for the appellant and gone throughthe impugned judgment and order of the learned Tribunal. By the impugned judgment and order the Tribunal upheld the decisionof the Commissioner of Income Tax, who set aside the penalty proceedingsholding that no accurate information was supplied, which warrants penaltyunder Section 271(1)(c). The Tribunal has accepted this fact finding exceptin case of the creditor Sri P. Audisesha Reddy, as information in relation tothe alleged credit of the said person is incorrect and inaccurate. In view of the above fact finding, we do not find any reason to interferewith the impugned judgment and order of the Tribunal. The appeal is accordingly dismissed. ______________________ K.J. SENGUPTA, CJ _______________ G. ROHINI, J