2018 (7) TMI 2269

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.... AR. ORDER PER N.K. PRADHAN, AM This 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 circu....

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.... The Ld. DR also refers to the above Circular issued by 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.5,52,88....