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2017 (12) TMI 1552 - ITAT AHMEDABADPenalty levied u/s. 271(1)(c) - Disallowance of commission - Held that:- Since ITAT Ahmedabad, ‘SMC’ Bench has deleted the disallowance of ₹ 41,39,131/- against which the penalty of ₹ 12,78,996/- was levied. Now they are remains no basis at all laving the penalty for concealment, therefore, we cancel the penalty.- Decided in favour of assessee
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