Income Tax Appellate Tribunal Itat Nagpur Court August 1993 Judgments Home Cases Income Tax Appellate Tribunal Itat Nagpur 1993 Page 1 of about 1 results (0.034 seconds)

Assistant Commissioner of Vs. Balram Giddumal

Court : Income Tax Appellate Tribunal ITAT Nagpur

Reported in : (1994)49ITD304(Nag.)

1. These appeals relate to the assessment years 1983-84 to 1986-87.These are against the orders of the CIT (Appeals) cancelling the penalties levied by the Assessing Officer under the provisions of Section 271(l)(c) of the Income-tax Act.2. The assessee is a commission agent deriving income by way of commission on the sale of Oranges/Mosambis. The returns for all these years were filed and the assessments were also completed in the normal course. Thereafter notice under Section 148 was issued for all the years by the Assessing Officer. The facts leading to the issuance of notice under Section 148 can briefly be summarised. There was a search conducted at the business premises of the assessee and in the course of the search, it appears, books relating to the assessment year 1987-88 were seized. The Assessing Officer had also made reference to A.P.M.C.The A.P.M.C. is an Institution under whose auspices sale of orange/mosambi was carried on by the commission agents. The A.P.M.C.charged a...