ZHILMIL ELECTRONICS PVT.LTD.,NEW DELHI vs. ITO,WARD-2(5), FARIDABAD

In this case, the penalty u/s 271(1)(c) of the Income Tax Act, 1961 has been levied on the assessee for non-compliance of notice u/s 142(1) on 05.09.2018. It was submitted that an adjournment has been sought and also that the assessee has attended the subsequent hearings and the Assessment Order has been completed u/s 143(3) after considering the submissions of the assessee. From the penalty order, we find that the specific date of default was not pointed out by the Assessing Officer and hence, the penalty levied is hereby deleted.

In the result, the appeal of the assessee is allowed. Order Pronounced in the Open Court on 19/06/2023.