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2013 (6) TMI 472 - ITAT DELHIPenalty u/s 271 (1) (c) - not including provision for doubtful debts and advances in the book profit u/s 115JB - CIT(A) deleted the addition - Held that:- Additions in the cases of assessee were confirmed due to retrospective amendment in the provisions of section 115JB and CIT (A) has very categorically made his findings and has deleted the penalties as per law. The reliance put by the DR on different case laws do not match with the facts and circumstances of present case as the present cases relates to calculation of profits u/s 15JB wherein the assessee had excluded provisions for diminution in the value of assets from profits u/s 115JB on the basis of judicial rulings which were in favour of assessee and, therefore, facts of the present cases are different from the facts and cases relied upon by = DR. No infirmity in the orders passed by the CIT (A). Therefore, the appeals filed by Revenue are dismissed.
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