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Income Tax Appellate Tribunal, DELHI BENCH ‘E’, NEW DELHI
Before: SH. N. K. BILLAIYA & SH. YOGESH KUMAR US
Appellant Ms. Shweta Bansal, CA Respondent Ms. Rinku Singh, CIT DR Date of hearing: 26/07/2022 Date of Pronouncement: 26/07/2022 ORDER PER N.K. BILLAIYA, AM:
This appeal by the assessee is preferred against the order of the CIT(A)-23, New Delhi dated 14.12.2017 pertaining to A.Y.2007-08.
The sum and substance of the grievance of the assessee is that the CIT(A) erred in confirming the levy of penalty by the AO u/s. 271 (1) (c) of the Act.
The roots for the levy of penalty lie in the assessment order dated 24.02.2015 framed u/s. 153A r.w.s. 143 (3) of the Act in which addition of Rs.24,67,158/- was made to the returned income of the assessee.