Case Law Details
Case Name : Orient Fabritech Pvt. Ltd. Vs ITO (ITAT Mumbai)
Related Assessment Year : 2009-10
Courts :
All ITAT ITAT Mumbai
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Orient Fabritech Pvt. Ltd. Vs ITO (ITAT Mumbai)
The case of Orient Fabritech Pvt. Ltd. vs. ITO (ITAT Mumbai) involves an appeal by the assessee against the imposition of a penalty under section 271(1)(c) of the Income Tax Act, 1961 (the Act) for the Assessment Year 2009-10. The dispute centers around the alleged bogus purchases made by the assessee, which were estimated at 12.5% of the total alleged bogus purchases. The appeal challenges the penalty imposed by the Assessing Officer (AO) and upheld by the Commissioner of Income Tax (Appeals) – National Faceless Appeal Centre, Delhi (CIT(A...
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Author Bio
sir Penalty issue on bogus bill Revenue has filed appeal in Mumbai Highcourt on 2021 which is pending in Mumbai Highcourt.