GEORGE KUTTY,NEW DELHI vs. DCIT, CIRCLE-13(1), NEW DELHI
In the result, the appeal of the assessee is allowed
ITA 3788/DEL/2019[2010-11]Status: DisposedITAT Delhi24 Aug 2022AY 2010-11
Bench: Shri Kul Bharat[Assessment Year : 2010-11] George Kutty, Vs Dcit, C/O-M/S. Oasis Tours India (P.) Circle-13(1), Ltd., C-40, Middle Circle, Dwarka New Delhi. Sadan, Connaught Place, New Delhi-110001. Pan-Aajpk4005H Appellant Respondent Appellant By Shri Manish Malik, Adv. Respondent By Shri Om Parkash, Sr.Dr Date Of Hearing 11.08.2022 Date Of Pronouncement 24.08.2022
Section 143(3)Section 271Section 271(1)(c)Section 274Section 276CSection 68
depreciation on non-existent assets, penalty under section 271(1)(c) was to be levied for filing inaccurate particulars of income
3. Sundaram Finance Ltd. Vs CIT [2018[ 93 taxmann.com 250
(Madras)/[2018] 403 ITR 407 (Madras)
Where Hon’ble Madras High Court held that where notice did not show nature of default, it was a question of fact
