H K INFRAVENTURE PVT. LTD.,ALLAHABAD vs. ASSISTANT COMMISSIONER OF INCOME TAX NFAC, DELHI, DELHI
In the result, the appeal of the assessee is partly allowed for statistical purposes
ITA 120/ALLD/2025[2015-16]Status: DisposedITAT Allahabad30 Oct 2025AY 2015-16
Bench: Shri Anadee Nath Misshra & Shri Subhash Malguriaassessment Year: 2015-16 M/S. H. K. Infraventure Pvt V. Acit, Central Circle Ltd Allahabad 17, Industrial Colony, Naini 38, Mahatma Gandhi Allahabad-211008. Marg, Allahabad-211001. Pan:Aacch6249K (Appellant) (Respondent) Assessment Year: 2015-16 M/S. H. K. Infraventure Pvt V. Assistant Commissioner Ltd Of Income Tax (Appeals) 17, Industrial Colony, Naini Income Tax Department Allahabad-211008. Nfac Delhi. Pan: Aacch6249K (Appellant) (Respondent) Appellant By: Shri Praveen Godbole, (Application) Respondent By: Shri. Amalendu Nath Mishra, Cit(Dr) Date Of Hearing: 09 09 2025 Date Of Pronouncement: 30 10 2025 O R D E R
For Appellant: Shri Praveen Godbole, (Application)For Respondent: Shri. Amalendu Nath Mishra
Section 143(3)Section 234ASection 234BSection 271Section 50C
271 (1)
(C) by imposition of penalty is totally incorrect, illegal rather baseless, hence penalty is unwarranted.
2. That in any view of the matter the CIT(A) NFAC it totally wrong in directing AO to reduce the penalty instead of CIT(A) NFAC is bound to delete the penalty in the facts and circumstances of the case, hence
