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The Commissioner of Income Tax-II, Ludhiana Versus M/s Hero Cycles Ltd.

2015 (7) TMI 295 - PUNJAB & HARYANA HIGH COURT

Penalty under Section 271(1)(c) - disallowance of deduction in respect of the work done on the roof of the factory - ITAT delted penalty levy - Held that:- Though the quantum appeal has been decided against the assessee, there is nothing to indicate .....

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0 (3) TMI 80 - SUPREME COURT] was well founded. Decided against revenue. - ITA-29-2015 (O&M) - Dated:- 5-5-2015 - S.J. VAZIFDAR AND G.S. SANDHAWALIA, JJ. For The Appellant : Ms. Savita Saxena, Advocate S.J. VAZIFDAR, A.C.J. (ORAL) CM-3371-CII-2015 (f .....

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29-2015 This is an appeal against the order of the Income Tax Appellate Tribunal dated 20.05.2013 dismissing the appellant s appeal against the order of the CIT (Appeals) which set aside the A.O s order imposing a penalty under Section 271(1)(c) of t .....

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are informed, have attained finality and have been decided against the respondent/assessee. It has been held that the same was a capital expense. We would presume that to be so. The Tribunal has, however, agreed with the CIT (Appeals) that the penal .....

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proceedings are decided against the assessee, penalty must follow irrespective of the facts and circumstances of the case. The CIT (Appeals) has in a detailed judgement considered the law and the facts. The Tribunal has agreed with the same. We see .....

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