M/S NIKKI GLOBAL FINANCE LTD,NEW DELHI vs. THE DY. COMMISSIONER OF INCOME TAX, CC-1, KANPUR
In the result, all the appeals of the assessee are allowed
ITA 275/LKW/2020[2015-2016]Status: DisposedITAT Lucknow26 Dec 2022AY 2015-2016
Bench: Shri Mahavir Singh & Shri Girish Agrawal
For Appellant: Shri Rakesh Garg, AdvocateFor Respondent: Shri Amit Nigam, DR
Section 132Section 133ASection 142Section 142(1)Section 144Section 250(6)Section 271Section 271(1)(b)
penalty imposed u/s. 271(1)(b) of the Act. Accordingly, all the appeals of the assessee are allowed. As we have allowed the appeal by considering the existence of reasonable cause within the meaning of section 273B
