COMMISSIONER OF INCOME TAX (IT & TP) vs. M/S. DONGFANG ELECTRIC CORPORATION
ITAT/66/2018HC Calcutta09 Jul 2021
Bench: : The Hon’Ble Justice Surya Prakash Kesarwani
Section 132(1)Section 132(4)Section 133ASection 139Section 153ASection 271(1)(c)Section 274
153A was made by the assesse Voluntarily,
after the search. Thus, there is noconcealment of income in this
year.
7.
The
assessing
officer
considered
the
submissions
of
the
respondent/assessee and imposed a penalty of Rs.1,67,97,340/- under
section 271(1)(c) of the Act read with Explanation 5A for the assessment
year 2006-07 and Rs.3
