Revenue challenges the deletion of penalties u/s. 271(1)(c) of the Income-tax Act, 1961

Last updated: 14 August 2021
Quick Summary
The Income Tax Appellate Tribunal (ITAT) Delhi has dismissed appeals filed by the Revenue concerning the deletion of penalties under Section 271(1)(c) of the Income-tax Act, 1961. The penalties had been imposed on Indian Armour Systems Pvt. Ltd. for assessment years 2009-10 and 2010-11. The Commissioner of Income Tax (Appeals) had previously deleted these penalties, reasoning that the additions made under Section 10B of the Act had already been set aside by the Tribunal in earlier quantum appeals.

Court :
ITAT Delhi

Brief :
Aggrieved by the orders dated 14/03/2018 passed by the learned Commissioner of Income Tax (Appeals)-Faridabad ("Ld. CIT(A)") in the cases of Indian Armour System Pvt. Ltd.

Citation :
ITA No. 3738 & 3739/Del/2018

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