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PR. Commissioner of Income Tax-3 Versus Fortune Polymers Industries Pvt Ltd

2015 (7) TMI 746 - DELHI HIGH COURT

Penalty proceedings under Section 271(1)(c)- ITAT held that the order of the AO does not spell out the reasons for levying of penalty - Held that:- The Court is not inclined to interfere with the impugned order of the ITAT. The fact that the Assessee .....

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es, the Court is not persuaded to hold that the impugned order of the ITAT gives rise to any substantial question of law which requires to be examined. - ITA No. 385/2015 - Dated:- 13-7-2015 - S. Muralidhar And Vibhu Bakhru,JJ. For the Petitioner : M .....

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in ITA No. 1036/Del/2013 for the Assessment Year. 2. This appeal arises out of a penalty proceedings under Section 271(1)(c) of the Income Tax Act, 1961 ('Act') initiated against the Respondent Assessee company pursuant to the assessment ord .....

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isional Liquidator of the Assessee on 14th February 2001. An ex parte penalty order was passed on 27th May 2003 by the Assessing Officer (AO) at a time when the affairs of the company were still under the control of the OL. 3. It appears that a belat .....

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