In Itxa/1545/2011 Of The Commissioner Of Income Tax -Iii Pune v. Samata Gramin Bigar Sheti Sahakari Pat Sanstha Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Issue: Whether the ITAT was justified in deleting the penalty levied under Section 271A of the Income Tax Act is the question raised in this Appeal.
Decision: Hence, the appeal is dismissed. [SMT.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (LODG) NO. 2362 OF 2010
The Commissioner of Income Tax-III Pune
....Appellant
V/S.Samata Gramin Bigar Shethi SahakariPat Sanstha Limited....Respondent
* * * *
Mr. Vimal Gupta, Advocate for the appellant.
CORAM :- J.P. DEVADHAR &
SMT. R.P. SONDURBALDOTA, JJ.
30 June 2011.
P.C. :-
1. Heard.
2. Whether the ITAT was justified in deleting the penalty levied
under Section 271A of the Income Tax Act is the question raised in this
Appeal. Perusal of the order of the ITAT shows that the penalty has been deleted by relying upon the judgment of this Court in the case of
CIT V/s. Bandhkam Khate Sevakanchi Sahakari Patsanstha
Maryadit dated 18[th] March, 2009. No case is made out for taking a contrary view. In this view of the matter, no fault can be found with the
order of the Tribunal. Hence, the appeal is dismissed.
[SMT. R.P. SONDURBALDOTA, J]
[J.P. DEVADHAR, J]
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