M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT 2(1), INDORE
In the result, the appeals filed by the assessee
ITA 754/IND/2016[2009-10]Status: DisposedITAT Indore23 Aug 2018AY 2009-10
Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08
Section 133(6)Section 143(3)Section 68
36. Now coming to the appeals filed in penalty proceedings filed by the assessee, we take up appeal in ITA
No.752/Ind/2016 for the assessment year 2007-08. The assessee has raised following ground of appeal:
“On the facts and in the circumstances of the case, Ld. CIT(A) erred in confirming the penalty of Rs.50,00,000/- imposed