IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C” NEW DELHI BEFORE SHRI CHALLA NAGENDRA PRASAD, JUDICIAL MEMBER AND SHRI MANISH AGARWAL, ACCOUNTANT MEMBER आ.अ.स/ं .I.T.A No.6334/Del/2019 िनधा(cid:9)रणवष(cid:9)/Assessment Year:2012-13 KARNAL CO-OP SUGAR MILLS LTD.

बनाम ACIT, Meerut Road, Karnal, Vs. Circle, Haryana. FF, Ayakar Bhawan, PAN No.AAFFK9357F Sector-12, Karnal, Haryana.

अपीलाथ(cid:20) Appellant (cid:22)(cid:23)यथ(cid:20)/Respondent Assessee by Shri Vineya Goel, CA Revenue by Shri Om Prakash, Sr. DR सनु वाईक(cid:8)तारीख/ Date of hearing: 09.10.2025 उ(cid:14)ोषणाक(cid:8)तारीख/Pronouncement on 14.10.2025 आदेश /O R D E R PER C.N. PRASAD, J.M.

This appeal is filed by the assessee against the order u/s 250 of the Act, 1961, Karnal dated 06.05.2019 for the AY 2012-13 in sustaining the penalty of Rs.7,78,604/- levied u/s 271(1)(c) of the Act.

2. Ld. Counsel for the assessee, at the outset, submits that penalty order is invalid and bad in law for the reason that the penalty proceedings were initiated and penalty was levied without assigning specific charge, the exact limb of section 271(1)(c) of the Act. In other words, it is submitted that the Ld. Counsel submits that the AO did n