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2020 (3) TMI 710 - AT - Income TaxPenalty u/s 271 (1 )(b) - assessment was completed under Section 143(3) by the AO - HELD THAT:- The fact that the assessment has been competed under Section 143(3) of the Act is not in dispute. The Tribunal in the case of Logicladder Tech Pvt. Ltd. [ 1771379 ] has cancelled the penalty under section 271(1)(b) of the Act on the ground that the assessment was completed under Section 143(3). In the case of Globus Infocom Ltd [2016 (6) TMI 1304 - ITAT DELHI] also, the penalty laid u/s 271(1)(b) of the Act has been deleted, where assessment is completed under Section 143(3) - Decided in favour of assessee.
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