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2014 (5) TMI 848 - ITAT BANGALOREConcealment of income - Penalty u/s 271(1)(c) of the Act - CIT(A) deleted the penalty on the ground that, original assessment order dated 31.12.2008 u/s 143(3) r.w.s. 153A and u/s 143(3) r.w.s. 250 dated 25.6.2010 has been annulled and treated as infructuous – Held that:- As decided in assessee's own case for the earlier assessment year, it has been held that the AO’s orders giving effect to the then CIT (A)’s order are not maintainable, the quantum appeals based on the original assessment orders have been knocked down - CIT (A) was justified in coming to a conclusion that the appeals preferred by the assessee against the orders of the AO giving effect to the then CIT (A)’s order were not maintainable - CIT (A) was also justified in treating the assessees’ appeals as infructuous against the penalty orders passed by the AO u/s 271(1)(c) of the Act which emanated from the original assessment orders – Decided against Revenue.
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