IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’: NEW DELHI BEFORE SHRI ANUBHAV SHARMA, JUDICIAL MEMBER AND SHRI MANISH AGARWAL, ACCOUNTANT MEMBER ITA No.2526/Del/2022 (ASSESSMENT YEAR 2012-13)

Shree Krishna Vanaspati Income Tax Officer, Industries Pvt. Ltd., Ward-23(3), Room No.221, Manish Vs. New Delhi.

Plaza, 20, Ansari Road, Darya Ganj, New Delhi-110002 PAN-AAICS1016R (Appellant) (Respondent)

Assessee by Shri Vinit Garg, Advocate Department by Shri Sahil Kumar Bansal, Sr. DR Date of Hearing 11/02/2025 Date of Pronouncement 21/02/2025

O R D E R

PER MANISH AGARWAL, AM:

This is appeal filed by the Assessee against the order of Commissioner of Income Tax (Appeals)-8, New Delhi (‘the CIT(A)’ for short) date 10/03/2017 in Appeal No. 342/15-16 for Assessment Year 2012-13.

2. Brief facts of the case are that assessee is a company and assessment was completed vide order dated 30.03.2015 by making various additions. Thereafter, the impugned order of penalty u/s 271(1)(c) of the Act was passed wherein penalty of Rs.15,64,288/- was levied u/s 271(1)(c) of the Act for furnishing inaccurate particulars of income. During the course of hearing, the Ld. AR of the assessee submit that at the time