VIC Enterprises Pvt. Ltd. Vs. ACIT, Circle 26(2)
Case No: ITA No. 62/DEL/2024
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI ‘C’ BENCH
Date: 3/7/2025
Parties Involved
appellantVIC Enterprises Pvt. Ltd.
respondentACIT, Circle 26(2)
Facts Summary
This appeal by the assessee, VIC Enterprises Pvt. Ltd., is against the order of the Ld. CIT(A), Delhi, dated 21.8.2018 pertaining to assessment year 2014-15. The assessee has raised an issue regarding the action of the Ld. CIT (A) in confirming the action of the Ld. AO, in imposing penalty u/s 271(1)(c) of the act. The Ld. counsel for the appellant assesse has assailed the order of Ld. AO on two main counts. Firstly, that the notice u/s 271(1)(c) of the act dated 7/12/2016 issued by the Ld. AO i…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the notice u/s 271(1)(c) of the act dated 7/12/2016 issued by the Ld. AO is illegal due to the non-striking off of the stipulation.
- 2. Whether the imposition of penalty is justified given the addition was based on a different interpretation of the statute.
Precedents Relied Upon
3 precedents cited in this judgement.