VIMAL ALLOYS PVT LTD,MANDI GOBINDGARH vs. DC/ACIT, CIRCLE,GOBINDGARH, GOBINDGARH
In the result, appeal of the assessee is allowed
ITA 684/CHANDI/2025[2014-15]Status: DisposedITAT Chandigarh12 Nov 2025AY 2014-15
Bench: Shri Rajpal Yadav & Shri Manoj Kumar Aggarwalआयकर अपील सं./ Ita No. 684/Chd/2025 "नधा"रण वष" / Assessment Year: 2014-15 Vimal Alloys Pvt. Ltd., The Dc/Acit, V-Saunti, Amloh Road, Vs Circle, Mandi Gobindgarh. Mandi Gobindgarh. "थायी लेखा सं./Pan No: Aaacv7801M अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Shri Vipen Sethi, Advocate Revenue By : Dr. Ranjit Kaur, Addl. Cit Sr.Dr Date Of Hearing : 09.10.2025 Date Of Pronouncement : 12.11.2025 Physical Hearing O R D E R Per Rajpal Yadav, Vp
For Appellant: Shri Vipen Sethi, AdvocateFor Respondent: Dr. Ranjit Kaur, Addl. CIT Sr.DR
Section 143(3)Section 254Section 271(1)Section 271(1)(c)
271(1)(c) of the Act vide his order dated
13.03.2020.He imposed a penalty @ 200% at Rs.32,49,546/-.
4. Dissatisfied with this penalty, assessee filed an appeal before the ld.CIT (Appeals) who has reduced the penalty to Rs.16,24,773/- by way of the impugned order.
5. It emerges out from the assessment record that assessment order was challenged
