INDIAN TOOL TECHNOLOGY CENTRE,JALANDHAR vs. ITO, WARD 1(1) , JALANDHAR
In the result, the appeal filed by the assessee is allowed
ITA 262/ASR/2024[2014-15]Status: DisposedITAT Amritsar18 Nov 2025AY 2014-15
Bench: Sh. Udayan Dasgupta & Sh. Khettra Mohan Roy
For Appellant: Sh. Ashray Sarna, C.A
Section 250Section 271Section 271(1)(c)Section 274Section 56
penalty u/s 271(1)(c) of the Act, ignoring the facts of case and without observing the principles of natural justice.”
5. Brief facts emerging from records are that the assessee company was incorporated on 28th June, 2010 under the Companies Act 1956, with the main object
to establish a common facility center (CPC ) for use of hand tool manufacturers
