Roots Developers (P) ltd. Vs. DCIT
Case No: ITA Nos.3848 & 3849/Del/2024
Court: Income Tax Appellate Tribunal, Delhi Bench: ‘F’ New Delhi
Date: 3/19/2025
Parties Involved
appellantRoots Developers (P) ltd.
respondentDCIT, Circle-3(1), Gurgaon
Facts Summary
The assessee, Roots Developers (P) ltd., filed twin appeals ITA Nos. 3848 & 3849/Del/2024 for assessment years 2011-12 and 2010-11 against the orders of the Commissioner of Income Tax (Appeals)-3, Gurugram, dated 31.07.2024. The appeals pertain to proceedings under section 271(1)(c) of the Income-tax Act, 1961. The lower authorities had levied a penalty of 10,00,000/- on the assessee for furnishing inaccurate particulars of income. The assessee argued that the penalty proceedings were vitiated a…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the failure of the Assessing Officer to specify the corresponding limb in the penalty show-cause notice under section 271(1)(c) vitiates the penalty proceedings.
Precedents Relied Upon
2 precedents cited in this judgement.