2020 (11) TMI 824

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.... PER SUCHITRA KAMBLE, JM This appeal is filed by the assessee against the order dated 19/3/2019 passed by CIT(A)-2, New Delhi for Assessment Year 2014-15. 2. The grounds of appeal are as under:- "1. The order passed by the Learned Commissioner of Income Tax (Appeals) ["Ld. CIT(A)"] u/s 250 of the Income Tax Act, 1961 ("the Act"), confirming the penalty of INR 19,21,920/-levied by....

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....g the penalty for furnishing inaccurate particulars of Income without appreciating the fact that appellant had fully and truly disclosed all material facts relating to its claim 5. The Ld. CIT(A) has erred in law as well as facts of the case in confirming the order passed by Ld. AO without appreciating that the penalty under section 271(l)(c) cannot be levied on additions made in the asse....

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....e tax department was also attached to the said letter. Therefore, the Ld. AR submitted that the matter may be adjourned. 4. We have seen the letter dated 17.11.2020 along with Form 1 and 2 filed with income tax department. Considering the aforesaid situation, the present appeal is dismissed. However, this dismissal of appeal is subject to a caveat that in case the dispute relating to tax arrear....