Section 271(1)(c) Penalty Deleted Due to Consistency with Earlier Year Ruling: ITAT Dehradun

DCIT Vs State Infrastructure & Industrial Development Corporation of Uttarakhand Ltd. (ITAT Dehradun) The appeal was filed by the Revenue against the order dated 22.09.2025 passed by the Commissioner of Income Tax (Appeals), NFAC, for Assessment Year 2014–15, arising from an assessment completed under section 143(3) of the Income Tax Act, 1961. The issue in dispute concerned the levy of penalty under section 271(1)(c) for alleged furnishing of inaccurate particulars of income. The assessee had initially claimed deduction under section 80IA but later suo motu withdrew the inadvertent exce...