2021 (8) TMI 454

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....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. Assessee filed its return of income for A.Y. 2011-12 o....

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....pholding 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 had made addition of Rs. 56,75,000/- u/s. 68, being unexplained ....

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....ival 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 made u/s. 68 of the Act to the file of AO for fresh adjudication as ....