DCIT, CIRCLE 22(2), NEW DELHI, NEW DELHI vs. SAHIL VACHANI, DELHI

Appeal of the Revenue stands dismissed

Bench: Shri Mahavir Singh, Vice Presdient (), Shri Vikas Awasthy& Shriavdhesh Kumar Mishraआअसं.2604/िद"ी/2023(िन.व. 2016-17)

house or could not start the construction on time. But admittedly, the explanation of the assessee is nowhere held to be false or without any basis by the AO in the penalty order. Whereas I consider the explanation offered is a bonafide one. Once the explanation offered is a bonafide explanation, it does not attract the penalty u/s. 271

INFRA ENGINEERS LTD.,GURGAON vs. DCIT, CC-2, FARIDABAD

In the result, the appeal of the assessee is allowed