2017 (9) TMI 1922

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..... d 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 Rs. 10,000/- for non-compliance of certain notices issued to the assessee by the Assessing Officer from time to time .....

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..... f 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 Rs. 65,54,893/- in the computation of income. Thereafter, the assessee filed its revised return of income, declaring a loss of Rs. 65,54,893/. Notice u/s 143(2) dated 08.08.2013 was served upon the assessee company selecting the case for .....

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..... re called for, examined and placed on record. After examination of details filed and discussion with the AR, revised returned loss of Rs. 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 have been filed by the assessee and had participated in the proceedings through its .....

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