Case Law Details
Case Name : M/s. Fortune Ploymers Industries Pvt.Ltd. Vs DCIT (ITAT Delhi)
Related Assessment Year :
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All ITAT ITAT Delhi
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Hon’ble Delhi ITAT has in the case of M/s. Fortune Ploymers Industries Pvt.Ltd. vs. DCIT, has held that Penalty u/s 271(1)(c) cannot be imposed on an un-detailed assessment order passed in a cursory and summary manner .
Facts in brief:- The assessee is a company incorporated in July, 1988. It was engaged in the business of manufacturing of PVC Water Storage Tanks. The manufacturing facility was constituted at Plot no.6B, Site B, Surajpur,Greater Noida, U.P. The company was financed by U.
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