2020 (3) TMI 1489

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....e Revenue. ORDER PER P.M. JAGTAP, VICE-PRESIDENT (KZ) This appeal filed by the assessee is directed against the order of Ld. CIT(A) - 2, Kolkata dated 07.06.2019 whereby he confirmed the penalty of Rs. 10,000/- imposed by the AO u/s 271(1)(b) of the Income Tax Act, 1961. 2. The assessee in the present case is a company which filed its return of income for the year under consideration on 25.....

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....18 was not found to be satisfactory, the AO imposed a penalty of Rs. 10,000/- u/s 271(1)(b) of the Act. On appeal, the Ld. CIT(A) confirmed the said penalty imposed by the AO. Aggrieved by the order of the Ld. CIT(A), the assessee has preferred this appeal before the Tribunal. 3. We have heard the arguments of both the sides and also perused the relevant material available on record. The learned ....

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....angh Bhawan Trust vs ADIT reported in 115 TTJ (Del) 419 and also the decision of coordinate bench of this Tribunal in the case of M/s. Shree Brindaban Rice Mill vs DCIT, CC-XXVII rendered vide its order dated 31.10.2017 in ITA No. 800-804/Kol/2016. 4. In the case of Akhil Bhartiya Prathmik Shikshak Sangh Bhawan Trust (supra), the assessment order was finally passed by the AO u/s 143(3) and not u/....