9911796707
TMI Blog2017 (9) TMI 1922X X X X Extracts X X X X X X X X Extracts X X X X ..... alling for various records from the assessee - HELD THAT:- Though there may have been non-compliance on certain dates/notices, but ultimately all the due compliance and replies have been filed by the assessee and had participated in the proceedings through its authorised representatives before the AO. Before the ld. CIT (A), assessee had contended that the time allowed for compliance of notice dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... J. The aforesaid appeal has been filed by the assessee against impugned order dated 19/5/2015, passed by the ld. CIT (Appeals) -2, New Delhi, in relation to penalty proceedings under section 271(1)(b) for the assessment year 2012-13. 2. The assessee is mainly aggrieved by the levy of penalty under section 271(1)(b) of ₹ 10,000/- for non-compliance of certain notices issued to the asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s records from the assessee. The relevant observation of the Assessing Officer in this regard in the assessment order is as under:- The assessee company filed its return digitally on 29.09.2012 declaring a loss of ₹ 65,54,893/- in the computation of income. Thereafter, the assessee filed its revised return of income, declaring a loss of ₹ 65,54,893/. Notice u/s 143(2) dated 08.08. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f Crocs arid Hitec as a Distributor. Details with regard to the same were called for, examined and placed on record. After examination of details filed and discussion with the AR, revised returned loss of ₹ 65,54,893/- is accepted. [Emphasis added is ours] 5. Though there may have been non-compliance on certain dates/notices, but ultimately all the due compliance and replies h ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
