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ITAT Imposes Rs. 10,000 Cost on Appellant for not responding to notices issued by AO
Case Law Details
- Case Name
- Hunt International Investments LLC Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Mumbai
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Hunt International Investments LLC Vs DCIT (ITAT Mumbai)
Introduction: In the case of Hunt International Investments LLC Vs DCIT (ITAT Mumbai), a significant ruling was issued involving the non-response to notices under section 142(1) of the Income Tax Act, 1961. ITAT imposed a cost of Rs. 10,000 on the foreign portfolio investor. This article delves into the key aspects of the order and analyzes the implications.
Analysis:
1. Background: Hunt International Investments LLC, a US-based foreign portfolio investor, was directed against an assessment order for the AY 2015-16. The ...
