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2018 (2) TMI 865 - AT - Income TaxPenalty u/s 271(1)(c) - addition relating to ESOP expenses - Held that:- It is noticed that the addition relating to ESOP expenses has been deleted and relevant findings are given in para 13 of the aforesaid referred to order [2016 (8) TMI 821 - ITAT DELHI]. Thus no merit in the appeal of the department. Accordingly, we confirm the view taken by the ld. CIT(A) for deleting the penalty u/s 271(1)(c) Transfer pricing adjustment u/s 92CA(3) - Held that:- We restore the issue relating to levy of penalty on account of TP adjustment to the file of the AO to be decided afresh in accordance with law after considering the outcome of the order to be passed on the quantum additions in accordance with the directions given in aforesaid referred to order [2016 (8) TMI 821 - ITAT DELHI]
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