Income Tax Officer New Delhi Vs. Poly Medicure Limited
Case No: ITA No.3521/DEL/2024
Court: INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “F”, DELHI
Date: 3/11/2025
Parties Involved
appellantIncome Tax Officer New Delhi
respondentPoly Medicure Limited
Facts Summary
The assessee, Poly Medicure Limited, is a company engaged in manufacturing medical devices with a recognized research facility by the Department of Scientific and Industrial Research (DSIR). The company filed its return of income electronically on 24-11-2017, declaring a total taxable income which was later revised. The assessee claimed a deduction under section 35(2AB) of the Act. The case was selected for complete scrutiny, and the Assessing Officer disallowed a certain amount of expenditure c…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Ld.CIT(A) has erred in deleting the penalty of Rs. 93,80,160/- levied by the AO under section 270A of the Act.
- 2. Whether the Ld.CIT(A) has ignored the fact that in case the assessee's case was not selected for scrutiny, the excess expenditure claimed by it remains unverified and assessee has not paid the due taxes.
1 more legal issue analysed in this judgement.
Precedents Relied Upon
4 precedents cited in this judgement.