Escorts Kubota Ltd. Vs Addl. CIT, Special Range-3, New Delhi
Case No: ITA No. 6924/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench ‘B’, New Delhi
Date: 5/25/2026
Parties Involved
appellantEscorts Kubota Ltd.
respondentAddl. CIT, Special Range-3, New Delhi
Facts Summary
The assessee, Escorts Kubota Ltd., filed its return for A.Y. 2002-03 declaring a business loss and income from capital gains. The case was selected for scrutiny, and the assessment was finalized with several additions. The assessee appealed to the CIT(A), who allowed partial relief. Subsequently, the AO issued a show-cause notice for imposing a penalty under section 271(1)(c) of the Income Tax Act, 1961. The penalty was imposed, and the assessee appealed to the CIT(A) again, who partly allowed t…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of the notice issued under section 274/271(1)(c) of the Act
Precedents Relied Upon
8 precedents cited in this judgement.