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Case Law Details

Case Name : Deputy Commissioner of Income Tax Vs M/s CNB Finwiz Limited (ITAT Delhi)
Appeal Number : ITA No.3989/Del/2011
Date of Judgement/Order : 15/05/2012
Related Assessment Year : 2005-06
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The disallowance made by the Assessing Officer and sustained by the learned CIT(A) was challenged by the assessee before the ITAT in an appeal. The ITAT has decided the said appeal in favour of the assessee. Therefore, at present, when the addition itself has been set aside, there cannot be any case for levy of penalty for concealment of income.

INCOME TAX APPELLATE TRIBUNAL, DELHI

ITA No.3989/Del/2011

Assessment Year: 2005-06

Deputy Commissioner of Income Tax

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