Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (2) TMI 1820 - AT - Income TaxLevy of penalty u/s 271(1)(b) - assessee did not comply with the various statutory notices - Assessment has been completed u/s 143(3) - HELD THAT:- A perusal of the assessment order shows that the order has been passed u/s 143(3) on 10.11.2016. Further, the Assessing Officer, in the body of the assessment order has mentioned that the assessee has complied with the statutory notices issued u/s 142(1) and the information/details asked for have been furnished which were discussed and placed on record. He has further mentioned that the assessment proceedings were attended by Shri Sanjay Jain, CA with whom the case was discussed. Since the assessee has furnished requisite details for completion of assessment by compliance of statutory notices issued by the Assessing Officer and the assessment has been completed u/s 143(3), therefore, under the facts and circumstances of the case it is not a fit case for levy of penalty u/s 271(1)(b) of the Act. Therefore, set aside the order of the CIT(A) and direct the Assessing Officer to cancel the penalty so levied. The grounds raised by the assessee are accordingly allowed.
|