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TMI Blog2018 (6) TMI 1520X X X X Extracts X X X X X X X X Extracts X X X X ..... confirmed the value of fringe benefit expended by the assessee for the purpose of levy of FBT. Counsel himself admitted that there is no merit in this appeal. Therefore, it is dismissed. - ITA No.2717/Ahd/2013 - - - Dated:- 27-6-2018 - SHRI RAJPAL YADAV, JUDICIAL MEMBER AND SHRI AMARJIT SINGH, ACCOUNTANT MEMBER For the Assessee- Shri M.K. Patel, Ar For the Revenue- Shri Prasoon Kabra, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... penalty proceedings under section 271(l)(d) of the Income Tax Act, 1961 for the alleged concealment and/or furnishing of inaccurate particulars of income. 4. The appellant craves leave to add to, alter, delete or modify any of the grounds of appeal either before or at the time of hearing of this appeal. 3. The ld.counsel for the assessee at the very outset submitted that this issue has been ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5. The ld.CIT(A) while confirming the disallowance made reference to the order of his predecessor in the case of Gujarat Urja Vikas Nigam Ltd. and recorded the following finding: 4.7 It is seen that the statutory auditors of the assessee, in the tax audit report filed u/s44AB have themselves quantified the value of fringe benefits taking into account the items at (A) to (P) mentioned in secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the fringe benefits at ₹ 27,07,177/- is also confirmed. This gorund thus fails. 5. Ground no.3 relates to the charging of interest u/s.115WJ. This ground is consequential. The AO is directed to charge interest u/s.115WJ, if any, after giving effect to this order. 10.1 Since the facts and circumstances of the case of AY 2007-08 of the above case of Gujarat Urja Vikas Nigam Ltd. are ide ..... X X X X Extracts X X X X X X X X Extracts X X X X
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