IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI ‘C’ BENCH, NEW DELHI BEFORE SHRI ANUBHAV SHARMA, JUDICIAL MEMBER AND SHRI AMITABH SHUKLA, ACCOUNTANT MEMBER ITA No. 62/DEL/2024 [Assessment Year: 2014-15]

VIC ENTERPRISES PVT. LTD., Vs. ACIT, CIRCLE 26(2), 4^TH FLOOR, PUNJABI BHAWAN, DELHI

10, ROUSE AVENUE, NEW DELHI – 2 (PAN:- AAACV0132B)

[Appellant] [Respondent]

Date of Hearing : 05.03.2025 Date of Pronouncement : 07.03.2025 Assessee by : Shri M.P. Rastogi, Adv. & Shri Shivam Malik, Adv.

Revenue by : Shri Om Parkash, Sr. D.R.

ORDER PER AMITABH SHUKLA, ACCOUNTANT MEMBER, This appeal by the Assesse is preferred against the order of the Ld. CIT(A), Delhi, dated

21.8.2018 pertaining to assessment year 2014-15.

2. The only issue raised by the assesse through its grounds of appeal is regarding the action of the Ld. CIT (A) in confirming the action of the Ld. AO, in imposing penalty u/s 271(1)(c) of the act. The Ld. counsel for the appellant assesse has assailed the order of Ld. AO on two main counts. Firstly, that the notice u/s 271(1)(c) of the act dated 7/12/2016 issued by the Ld. AO is illegal as the Ld. AO has not struck off the stipulation as to whether the penalty notice is for concealment of in