GUJARAT ALKALIES AND CHEMICALS LTD.,,BARODA vs. THE ADDL. CIT, TDS RANGE,, BARODA

In the result, both the appeals filed by the assessee are allowed

Bench: Shri Mahavir Prasad & Shri Amarjit Singh)

194J without reasonable cause - Held, yes – Whether, therefore, no penalty could be levied upon assessee under section 271 C - Held, yes” 6.2 Respectfully following the order of the Pune Bench and judgment of the Hon’ble Delhi High Court, we delete the penalty. ITA Nos.2846 & 2847/Ahd/2014 Gujarat Alkalies and Chemicals Ltd. vs. ACIT Asst.Year