2022 (5) TMI 1464 - AT - Income Tax

Penalty u/s 271(1)(c) - HELD THAT - As quantum addition in relation to which the instant penalty has been levied stands deleted by the order of the ITAT in 2021 (2) TMI 895 - ITAT DELHI . Hence the appeal of the revenue liable to be dismissed being infructuous.

Summary

The ITAT Delhi ruled that the penalty levied on the assessee was infructuous as the quantum addition in question had been deleted in a previous order dated 17.02.2021. The appeal of the revenue was dismissed. Judgment was pronounced on 20th May 2022.