N.G. Agrochemicals Private Limited v. Income Tax Officer, Ward-1(1), Raipur

Parties Involved

Facts Summary

The assessee, N.G. Agrochemicals Private Limited, filed an appeal against the order of the Commissioner of Income Tax (Appeal) for the Assessment Year 2014-15, dated 28.06.2024, which arose from the penalty order of the Income Tax Officer, Ward-1(1), Raipur, dated 23.06.2017. The assessee challenged the penalty imposed under section 271(1)(c) of the Income Tax Act, alleging that the penalty was imposed without specifying the exact charge. The assessee argued that the penalty was invalid due to the inconsistency in the reasons mentioned by the Assessing Officer in the satisfaction note and the penalty order. The assessee sought to amend and vary the grounds of appeal.…

Legal Issues

• 1. Whether the penalty imposed by the Assessing Officer under section 271(1)(c) is valid?
• 2. Whether the penalty imposed by the Commissioner of Income Tax (Appeal) is sustainable?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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