Assessee had assailed the initiation of penalty proceedings under Sec. 271(1)(c) of the Income Tax Act.

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Last updated: 03 March 2021
Quick Summary
This case involves Agility Logistics Private Limited appealing against penalty proceedings initiated under Section 271(1)(c) of the Income Tax Act for assessment years 2013-14 and 2014-15. The assessee argued that the assessment orders were flawed, particularly concerning adjustments made to their income related to international freight receipts and expenses. The Income Tax Appellate Tribunal reviewed the grounds of appeal, which included claims that the Dispute Resolution Panel (DRP) and Assessing Officer (AO) erred in confirming these adjustments.

Court :
ITAT Mumbai

Brief :
The captioned appeals filed by the assessee are directed against the respective assessment orders passed by the Assessing Officer underSec.143(3) r.w.s 144C(13) of the Income Tax Act, 1961 (for short „Act‟), dated23.12.2014 and 28.09.2018 for A.Y 2013-14 and AY: 2014-15. We shall firsttake up the appeal for A.Y. 2013-14 wherein the assessee has assailed the impugned order on the following grounds of appeal before us :

Citation :
ITA 7199/MUM/2017

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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