Case Law Details
Case Name : Chirag Uddin Vs ITO (ITAT Agra)
Related Assessment Year : 2010-11
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Chirag Uddin Vs ITO (ITAT Agra)
ITAT Agra held that matter of levying penalty u/s. 271(1)(c) of the Income Tax Act restored back to file of AO since Tribunal restored matter of addition towards unexplained cash deposit for quantification.
Facts- The present appeal is filed by assessee against order passed by learned Commissioner of Income-tax(Appeals), NFAC, Delhi confirming the penalty levied by the AO of Rs. 2,06,000/- u/s 271(1)(c) of the Income-tax Act, 1961, which appeal before ld. CIT(A) in turn has arisen from the penalty order dated 25.05.2018 passed by Assessing Officer u/s. 271(1)(c)...
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