ASSISTANT COMMISSIONER OF INCOME TAX, DEHRADUN vs. SEABIRD EXPLORATION FZ-LLC, NEW DELHI

In the result, appeal of the Revenue is dismissed

Bench: SHRI YOGESH KUMAR U.S (Judicial Member), SHRI MANISH AGARWAL (Accountant Member)

penalty levied by AO U/S 271(1)(c) of the Act. 7. Heard the contention of ld. Sr. DR and perused the material available on record. As observed above in the instant case, assessee had filed its return of income, declaring income at NIL since it has no PE in India which facts has not been doubted. The assessee approached

M/S KUMAON MANDAL VIKASH NIGAM LTD.,NANITAL vs. ACIT, CIRCLE-3, NANITAL

In the result, the appeal of the assesse is allowed