CRS Infrastructure Ltd vs ITO Ward-6(1)
Case No: ITA No. 5953/DEL/2025
Court: Income Tax Appellate Tribunal, Delhi Bench ‘G’, New Delhi
Bench: Delhi Bench ‘G’, New Delhi
Date: 2/25/2026
Parties Involved
appellantCRS Infrastructure Ltd
respondentITO Ward-6(1)
Facts Summary
The assessee, CRS Infrastructure Ltd, did not furnish its return for A.Y. 2016-17 despite entering into high value transactions during the year. The case was reopened, and a notice u/s 148 was issued. Several notices u/s 142(1) were issued to the assessee, to which no compliance was made. The assessment was completed u/s 147 r.w.s 144 of the Act vide order dated 30.03.2024. Penalty proceedings u/s 271(1)(b) were initiated for non-compliance to the notices u/s 142(1) issued during the course of a…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of penalty under section 271(1)(b) of the Income Tax Act, 1961