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Income Tax - Highlights / Catch Notes

Home Highlights June 2022 Year 2022 This

Levy of penalty on additions of admitted amount during ...


Tax Penalty Appeal Dismissed as Company Liquidated; No Response from Liquidator to Amend Form 36A.

June 11, 2022

Case Laws     Income Tax     AT

Levy of penalty on additions of admitted amount during assessment proceedings - CIT(A) deleted the penalty - Company has already liquidated - when the respondent company has already gone into liquidation and is no more in existence the present appeal filed by the Revenue is not maintainable in the present format as liquidator has not come up before the Tribunal despite numerous notices to file the amended form 36A in the present appeal. So in these circumstances present appeal is not maintainable in the present format. - AT

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