NOVA PROMOTERS AND FINLEASE PVT. LTD.,DELHI vs. ITO, NEW DELHI

Bench: Shri S.Rifaur Rahman & Ms.Madhumita Roynova Promoters & Vs. Ito, Ward 13(3) Finlease Pvt. Ltd. Ito Building, I.P. Estate 7, Kapil Vihar, Pitampura, Delhi – 34

u/s 271(1)(c) of the IT Act. Thus, in the penalty order the AO has not specifically mentioned the offences. However, from the assessment order it is evident that penalty proceedings have been initiated by the AO for concealment of income 4.8 Further, the facts of the case as indicated above and the findings given by Hon'ble High

SURESH CHAND BANSAL,HARYANA vs. ACIT, CENTRAL CIRCLE-16 , DELHI

In the result, the appeal filed by the assessee is allowed