Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:        

        Home        
 

TMI Blog

Home List
← Previous Next →

2017 (9) TMI 533

cipal Officer of the assessee company namely Mr. Satya Prakash Gupta has to be hospitalized on 11th January, 2013. Further, Mr. Satya Prakash Gupta, Principal Officer of the assessee company had to be hospitalized due to heart-attack and therefore, there were noncompliance of the said notices. - As assessee has disclosed the reasonable cause for failure to comply with the statutory notice penalty deleted. Appeals of the assessee are allowed. - ITA. No. 6403 & 6404/Del./2014 - Dated:- 1-9-2017 - O. P. Kant (Accountant Member) And Bhavnesh Saini (Judicial Member) For the Assessee : S. B. Gupta, C.A. For the Revenue : Swetha Nakara Datta, Sr. D.R. ORDER Bhavnesh Saini (Judicial Member) Both the appeals by the assessee are directed against .....

X X X X X X X

Full Text of the Document

X X X X X X X

has to be hospitalized on 11th January, 2013. Further, he submitted that Mr. Satya Prakash Gupta, Principal Officer of the assessee company had to be hospitalized due to heart-attack and therefore, there were noncompliance of the said notices. The Ld. CIT(A) however, noted that the assessee did not explain these facts before the A.O. The Ld. CIT(A) also noted that during assessment proceedings which are time barring in nature, the details required by the A.O. were not filed on time. In case details are filed at the last movement, the A.O. would be having no time to process the information received. The reasons given by the assessee did not explain the total non-compliance. The Ld. CIT(A) however, noted that there is a merit in levying the .....

X X X X X X X

Full Text of the Document

X X X X X X X

early disclosed reasonable cause for failure to comply with the notices. Learned Counsel for the Assessee also submitted that Ld. CIT(A) decided the appeals for three years each in both the impugned orders and on the same reasoning and explanation, the Ld. CIT(A), cancelled the penalty for two years. Meaning thereby, the explanation offered by the assessee has been accepted that no penalty is leviable. He has relied upon the common order of ITAT, SMC Bench, in the case of Smt. Usha Gupta etc., vs. ACIT, Central Circle-12, New Delhi in ITA.Nos.6368 & 6371/Del./2014 etc., decided on 4th November, 2015 in which the A.O. levied the penalty for seven assessment years under section 271(1)(b) of the I.T. Act and the Ld. CIT(A), deleted the pen .....

X X X X X X X

Full Text of the Document

X X X X X X X

 

 

← Previous Next →

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map ||

 
  • Advanced Search
  • Discussion Forum
  • What is New
  • Recent Case Laws
  • Latest Notifications
  • Calendar
  • Experts - Forum
  • Experts - Articles
  • Compute Income Tax
  • Online - Tax / Returns
  • Some Useful Sites
  • Refer to a Friend
  • Contact Us
  • Feedback
  • Disclaimer
  • Terms and Conditions