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Case Law Details

Case Name : PCIT Vs Chandravadan Desai (HUF) (Calcutta High Court)
Related Assessment Year : 2014-15
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PCIT Vs Chandravadan Desai (HUF) (Calcutta High Court)

Calcutta High Court held that initiation of penalty proceedings under section 271(1)(c) of the Income Tax Act and passing of penalty order thereof in the name of a non-existent entity (i.e. dissolved HUF) is liable to be quashed. Accordingly, appeal of revenue dismissed.

Facts- AO completed the assessment for the assessment year under consideration u/s. 143(3) of the Act by order dated 30.12.2016. While completing the assessment, an addition of Rs.7,29,59,117/- was made on the ground of disallowance of c

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