Search: penalty u/s 271

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Section 271(1)(c)4 Section 682

AMBER TRADER PRIVATE LIMITED,NEW DELHI vs. DCIT CIRCLE-2(2), NEW DELHI

In the result, the appeal filed by the Assessee stands allowed

ITA 8028/DEL/2019[2015-16]Status: DisposedITAT Delhi28 Oct 2022AY 2015-16

Bench: Shri Shamim Yahya & Shri N.K. Choudhryassessment Year: 2015-16

For Appellant: Sh. RohitTiwari, Ld. AdvFor Respondent: Sh. Kanav Bali, Ld. Sr. DR

Section 143(3)Section 201Section 206C(7)Section 250oSection 271(1)(c)Section 68

penalty proceedings u/s. 271(1)(c) of the Act for furnishing of inaccurate particulars of income and concealing of particulars of income. Subsequently, the Assessing Officer by issuing a notice u/s. 271(1)(c) of the Actafforded an opportunity to the Assessee to explain the claim of expenses to the tune of Rs.8,10,000/- as cash deposit component