2026 (2) TMI 625

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ER NAVEEN CHANDRA [A. M]: The above captioned appeal is preferred by the assessee against the orders dated19.08.2016, by Ld. CIT(A)-2, New Delhi, u/s 250(6) of the Income Tax Act, 1961 [hereinafter referred to as, "Act"] for A.Y. 2005-06. 2. This is a case of penalty u/s 271(1)(c). None appeared from the assessee side therefore, we decided to proceed ahead ex-parte with the assistance of the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ulars of income and the assessee had failed to prove that there is no fraud and neglect in filing of return of income. 4. The Ld. DR, before us stated that the Auditor had quantified the said expense as capital expenditure which was disallowed. The ld DR submitted that as the assessee filed inaccurate particulars, the penalty u/s 271(1)(c) was levied. 5. We have heard the submissions and per....