2021 (8) TMI 454

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....r Anil Chaturvedi, AM This appeal filed by the assessee is directed against the order dated 31.01.2018 passed by the Commissioner of Income Tax (Appeals)-23, New Delhi relating to Assessment Year 2011-12. 2. The relevant facts as culled from the material on records are as under: 3. Assessee is a company stated to be engaged in the business of carrying on infrastructure activities. Assesse....

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....d. CIT (A) has erred both on the facts and in law in upholding the jurisdiction and the decision of learned Assessing Officer in levying penalty u/s. 271(1)(c) of the Act amounting to Rs. 17,53,575/-. 2. The Appellant Company craves leave to add, alter or amend the ground of appeal at a later stage." 4. Before us, Learned AR submitted that while framing the assessment u/s. 143(3), AO h....

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....supported the order of lower authorities. 6. We have heard the rival submission and perused the materials available on record. The issue in the present ground is with respect to levy of penalty u/s.271(1)(c) of the Act on the additions made u/s. 68 of the Act by the AO. We find that the Coordinate Bench of Tribunal vide order dated 30.05.2018 has remanded the matter pertaining to the addition m....