Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (7) TMI 1884 - AT - Income TaxPenalty u/s 271(1)(c) - Held that:- Copy of the order of the Tribunal is placed of the compilation of the assessee and the order of the AO giving effect to the order of the Tribunal. These facts were not disputed by the Revenue. Having carefully examined the order of the Tribunal and the order of the lower authorities, we find that the additions for which penalty under section 271(1)(C) was levied has already been deleted by the Tribunal. Therefore, the penalty under section 271(1)(C) is not sustainable in the eyes of law. Accordingly, we set aside the order of the CIT(A) and delete the penalty. - decided in favour of assessee
|