The HP State Co-operative Marketing & Consumers Federation Limited (Himfed) vs. The DCIT

Parties Involved

Facts Summary

The case involves an appeal filed by the assessee, The HP State Co-operative Marketing & Consumers Federation Limited (Himfed), against the order of the Ld. CIT(A)/NFAC, Delhi dated 23/05/2022 pertaining to Assessment Year 2017-18. The assessee has raised grounds of appeal challenging the initiation of penalty proceedings and the levy of penalty of Rs. 13,75,802/- under section 270A of the Income Tax Act. The assessee argues that the quantum assessment order was passed without proper procedures and that the penalty was levied without proper notice and adjudication on merits. The assessee also claims that the delay in filing the appeal was due to inaction and negligence on the part of its officers and tax advisor.…

Legal Issues

• 1. Penalty proceedings and levy of penalty under section 270A
• 2. Delay in filing the appeal

Judgment Outcome

Decided in favour of Assessee.

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