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When order in quantum has been decided in favour of assessee penalty cannot be levied u/s 271(1)(c)
Case Law Details
- Case Name
- JCIT Vs M/S Nitya Educational Society (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2002-03 & 2003-04
- Courts
- All ITAT, ITAT Delhi
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Brief Facts
The assessee, an educational society, filed its Income tax Return at a Nil income being exempt u/s 10(23C)(iiiad). The assessment in this case was completed in the status of AOP u/s 143(3) / 147 and certain additions were made in the assessment order passed. Thereafter, AO also imposed penalty u/s 271(1)(c) on the ground of furnishing of inaccurate particulars of income.
Tribunal had deleted the additions made in the assessment order passed u/s 143(3) / 147 and Deptt went in the High Court against the order of Tribunal
Decision by Delhi Tribunal
As this appeal was filed by Revenue...
