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2021 (6) TMI 45 - ITAT MUMBAIPenalty levied u/s. 271(1)(c) - CIT(A) deleted the penalty levied u/s. 271(1)(c) on the ground that quantum additions/disallowance were deleted by the Hon'ble ITAT - HELD THAT:- On a perusal of the order of the Ld.CIT(A) we do not find any infirmity in the order passed in deleting the penalty since the very basis for levy of penalty i.e. addition made in the assessment proceedings was deleted by the Tribunal and in which case penalty will not survive. Hence the Ld.CIT(A) rightly deleted the penalty. Thus, we confirm the order of the Ld.CIT(A) in deleting the penalty. Ground raised by the Revenue is rejected.
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