Case Law Details
Dion Global Solutions Limited Vs ACIT (ITAT Delhi)
In the case of Dion Global Solutions Limited vs. ACIT, the Delhi Income Tax Appellate Tribunal (ITAT) addressed the imposition of penalties under Section 271(1)(c) of the Income Tax Act, 1961, concerning the assessment year 2007-08.
The assessee challenged the penalty imposed on disallowance of expenses amounting to Rs. 32,95,228/- and additions on account of unearned income of Rs. 102,33,994/-. The Assessing Officer (AO) imposed a penalty of Rs. 45,98,566/- on these additions.
During the hearing, the assessee did not appear, and the Tribunal proceeded ex-parte.
The Departmental Representative (DR) for the Revenue referred to the ITAT’s appellate order in the quantum proceedings, where the additions made by the AO were confirmed.
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