M/S. BHARAT COKING COAL LIMITED,DHANBAD vs. JT. CIT, TDS,, DHANBAD

In the result, grounds of appeal raised by the assessee are allowed

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay

C) Penalty u/s 271C was issued by the Ld. AO to the appellant. d) That the appellant filed its show cause reply vide its reply dated 12.03.20 18 and dated 20.04.2018, contending, interalia, as under: i. That the penalty has been initiated by issue of notice u/s 271C dated 28.02.2018. Hence, initiation of aforesaid belated penalty proceeding after lapse

M/S. BHARAT COKING COAL LIMITED,,DHANBAD vs. JCIT, TDS CIRCLE,, DHANBAD

In the result, grounds of appeal raised by the assessee are allowed