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2021 (8) TMI 854 - ITAT DELHIPenalty u/s 271F - failure of the assessee to furnish its return of income required u/s 139(1) - CIT-A deleted the addition on reasonable cause - HELD THAT:- We find that the assessee before Ld.CIT(A) has stated that the important documents were in possession of the Directors and there was serious legal dispute was going on with the former Directors in this regard. Therefore, considering the totality of the facts and material placed before us, we do not find any infirmity in the order of Ld. CIT(A) and same is hereby affirmed. Thus, Ground of the appeal raised by the Revenue is dismissed.
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