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Penalty Justified for Failure to Explain source of Credit in the name of Partners
Case Law Details
- Case Name
- Bright India Body Builders Vs Income-tax Officer (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005-06
- Courts
- All ITAT, ITAT Delhi
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IN THE ITAT DELHI BENCH ‘A’
Bright India Body Builders
Versus
Income-tax Officer
IT APPEAL NO. 4411 (DELHI) OF 2009
[ASSESSMENT YEAR 2005-06]
OCTOBER 5, 2012
ORDER
A.N. Pahuja, Accountant Member
This appeal filed on 18.11.2009 by the assessee against an order dated 31-08-2009 of the ld. CIT(A)-XXII, New Delhi, raises the following grounds :-
1. “Whether in the facts and in the circumstances of the case the Ld. CIT(A) was justified in sustaining the penalty as imposed by the I.T.O u/s 271(1)(c) of the Act.
2. In the facts and in the circumstances of the case, it is mos...
