2018 (7) TMI 2269

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....is is an appeal filed by the revenue. The relevant assessment year is 2011-12. The appeal is directed against the order of the Commissioner of Income Tax (Appeals)-14 [in short 'CIT(A)'], Mumbai and arises out of the order u/s 201(1)/201(1A) of the Income Tax Act 1961, (the 'Act'). 2. The ground of appeal reads as under: On the facts and circumstances of the case and in law, the Ld. CIT(A) erre....

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....y CBDT 4. We have heard the rival submissions and perused the relevant materials on record. We find that the Assessing Officer (AO) has raised the following demand vide his order dated 18.03.2013 u/s 201(1)/201(1A) of the Act: Demand as per defaults determined u/s 201(1) Rs.15,79,672/- Interest determined u/s 201(1A) Rs.5,52,885/- Total Demand payable Rs.21,32,557 Rounded off to Rs.21,3....