M/s. BH Trading Co. Vs DCIT

Parties Involved

Facts Summary

The assessee, M/s. BH Trading Co., has appealed against the order of the Commissioner of Income Tax (Appeals) dated 25.10.2023, which pertains to assessment years 2014-15 to 2020-21. The appeal arises from the order passed by the Assessing Officer dated 23.09.2022 under section 271(1)(b) of the Income Tax Act, 1961. The assessee has raised grounds of appeal regarding the penalty imposed by the Assessing Officer for non-compliance with statutory notices. The Assessing Officer imposed a penalty of Rs.70,000 for A.Y. 2014-15, 2015-16, 2016-17, 2017-18, and Rs.60,000 for A.Y. 2018-19, 2019-20, and 2020-21. The assessee argues that the penalty was excessive and not justified in law and facts.…

Legal Issues

• 1. Whether the penalty imposed by the Assessing Officer was justified in law and facts?

Judgment Outcome

Decided in favour of Assessee.

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