2007 (9) TMI 636

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... dated 12th December, 2006 passed by the Income Tax Appellate Tribunal, Delhi Bench 'H' in ITA No.1053/Del/2006 relevant for the assessment year 2001-2002. The Assessee is engaged in the business of export of engineering goods and installation and commissioning of equipment at the site of the customer and providing other services as per the requirement of the customers. The Assessee had ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 234Bk/C/D is hereby charged. Issue ITNS 150, Demand Notice and Challan. Penalty proceeding u/s 271(1)(c) have been initiated." Thereafter the Assessing Officer passed an order dated 27th July, 2005 under Section 271(1)(c) of the Act levying a penalty of ₹ 5,50,112/- on the Assessee. Feeling aggrieved, the Assessee preferred an appeal before the Commissioner of Income Tax (Appeals) [CIT(A)....