MONJI VISHRAM PHARMACEUTICALS PVT. LTD.,MUMBAI vs. DCIT 4(2)(1), MUMBAI
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Income Tax Appellate Tribunal, “B” BENCH MUMBAI
PER MAKARAND VASANT MAHADEOKAR, AM: This appeal by the assessee is directed against the order dated 12.11.2025 passed by the learned CIT(A)/NFAC, Delhi, under section 250 of the Income Tax Act, 1961, for A.Y. 2017-18. The appeal before the learned CIT(A) arose from the penalty order dated 16.03.2022 passed under section 270A of the Act by the 2 Monji Vishram Pharmaceuticals Pvt. Ltd. Assessment Unit, National Faceless Assessment Centre, whereby penalty of Rs.69,67,468/- was levied. The learned CIT(A), while partly allowing the appeal of the assessee, restricted the penalty to Rs.17,41,867/-, being 50% of the tax payable on under- reported income.
The assessee h
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