2017 (9) TMI 1922

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 Rs. 10,000/- for non-compliance of certain notices issued to the assessee b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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 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 serv....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 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 f....