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2023 (2) TMI 578 - ITAT DELHIPenalty u/s 271(1)(c) - assessee by filing incorrect computation of income on MAT u/s 115JB - HELD THAT:- As decided by CIT-A AO has not mentioned either in notice u/s 271(l)(c) or in assessment order as to whether it is a case of concealment of income or furnishing of inaccurate particulars of income. In view of the above findings of CIT vs. Manjunatha Cotton & Ginning Factory [2013 (7) TMI 620 - KARNATAKA HIGH COURT] and M/s Sahara India Life Insurance Co. Ltd [2019 (8) TMI 409 - DELHI HIGH COURT] the penalty order is not sustainable in the eyes of the law - Appeal of the Revenue is dismissed.
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