Appeal against levy of penalty of Rs.1,44,200/- by the AO u/s 271(1)(c) of the Income Tax Act

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Last updated: 29 May 2021
Quick Summary
This case involves an appeal by Shri Deshpal Singh Kohli against a penalty of Rs 1,44,200 imposed by the Assessing Officer (AO) under Section 271(1)(c) of the Income Tax Act. The penalty was levied due to alleged concealment of income and furnishing inaccurate particulars, relating to an addition of Rs 4,66,660 made by the AO. The assessee argued that the income addition pertained to a property sale where a portion of the sale amount was received earlier and inadvertently omitted from the income computation.

Court :
ITAT Delhi

Brief :
This appeal filed by the assessee is directed against the order dated 28th January, 2019 of the CIT(A)-4, Kanpur, relating to the A.Y. 2014-15.

Citation :
ITA No.1949/Del/2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

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