Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (10) TMI 447 - AT - Income TaxPenalty u/s 271C - Addition being 2% of the EDC amount paid to HUDA - HELD THAT:- The issue in dispute regarding levy of penalty u/s 271C of IT Act is squarely covered in favour of the assessee and against the Revenue by aforesaid orders of Co-ordinate Benches in cases of M/s Tulip Infratech Private Limited Vs. ACIT [2022 (7) TMI 328 - ITAT DELHI], Spaze Tower Pvt. Ltd. [2022 (5) TMI 1344 - ITAT DELHI], M/s Perfect Constech Pvt. Ltd. [2020 (12) TMI 1158 - ITAT DELHI], M/s Santure Infrastructure Pvt. Ltd. [2019 (12) TMI 1106 - ITAT DELHI], Shiv Sai Infrastructure (P) Ltd. [2019 (9) TMI 631 - ITAT DELHI] and M/s Sarv Estate Pvt. Ltd. [2019 (9) TMI 686 - ITAT DELHI] in which, in similar facts and circumstances, it was held that penalty u/s 271C was not leviable. - Decided in favour of assessee.
|