DCIT CENT. CIR. 4(1), MUMBAI vs. OBEROI CONSTRUCTIONS, MUMBAI
In the result, the appeal filed by the revenue is hereby dismissed
ITA 5998/MUM/2016[2011-12]Status: DisposedITAT Mumbai31 Jul 2018AY 2011-12
Bench: Shri G. S. Pannu, Am & Shri Amarjit Singh, Jm आयकर अपील सं/ I.T.A. No.5998/Mum/2016 (निर्धारण वर्ा / Assessment Year: 2011-12) Dcit Central Circle-4(1), बिधम/ M/S. Oberoi Constructions, Mumbai R. No. 1916, 19Th Commerz, 3Rd Floor, Vs. Floor, Air India Building, International Business Park, Nariman Point, Mumbai- Oberoi Garden City, Off. 400021. W.E. Highway, Goregaon (E), Mumbai-400063. स्थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaaco1805E (अपीलाथी /Appellant) (प्रत्यथी / Respondent) .. Revenue By: Shri Ram Tiwari (Ar) Assessee By: Shri Saumil Daru सुनवाई की तारीख / Date Of Hearing: 08.05.2018 घोषणा की तारीख /Date Of Pronouncement: 31.07.2018 आदेश / O R D E R Per Amarjit Singh, Jm: The Revenue Has Filed The Present Appeal Against The Order Dated 22.07.2016 Passed By The Commissioner Of Income Tax (Appeals) -52, Mumbai [Hereinafter Referred To As The “Cit(A)”] Relevant To The A.Y.2011- 12. 2. The Revenue Has Raised The Following Grounds: - "1. "Whether On The Facts & In The Circumstances Of The Case & In Law, The Ld. Clt1A} Has Erred In Deleting Penalty U/S 27L(L)(C) On Account Of Penalty Payment Made To Bmc For Unauthorized Construction & Fine Paid To Custom Authorities For Importing Marbles Without A.Y.2011-12
For Appellant: Shri Saumil DaruFor Respondent: Shri Ram Tiwari (AR)
Section 27lSection 37(1)
27l(l)(c) on account of penalty payment made to BMC for unauthorized construction and fine paid to Custom Authorities for importing marbles without
A.Y.2011-12
License as it is not allowable as per explanation to Section 37(1) of the Income Tax Act, 1961 and penalty is leviable for producing inaccurate information and concealment of income?"
2. "The Appellant craves
