TUF METALLURGICAL PVT. LTD.,DELHI vs. ACIT, CIRCLE- 25(2), NEW DELHI

The present appeal has been filed by the assessee against the order of ld. CIT(A)-28, New Delhi dated 27.03.2019.

The assessee company is engaged in the business of manufacturing of Cored Wire/Trading of Ferro Alloys.

The appeal is against the levy of penalty u/s 271(1)(c). The assessee has filed application before the revenue authorities under the “Direct Tax Vivad se Vishwas Act 2020” in the quantum appeal and has already submitted Form 1 & 2 and Form 5 has been issued by the designated authority.

Keeping in view the exercise of option by the assessee to opt for the scheme, the appeal of the assessee is being dismissed as infructuous.

In the result, the appeal of the assessee is dismissed. Order Pronounced in the Open Court on 02/05/2022.