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2018 (6) TMI 694 - AT - Income TaxLevy of penalty u/s 271(1)(c) - addition made on account of disallowances out of expenses - Held that:- As decided in assesee's own case [2017 (12) TMI 566 - ITAT DELHI] this issue has been set aside to the file of the ld. CIT(A) to be decided afresh by providing an opportunity of being heard to the assessee. - Since, the penalty sustained u/s 271(1)(c) of the Act is directly related to the addition sustained by the ld. CIT(A) out of the expenses, the said issue has been set aside to the file of the ld. CIT(A). Therefore, the present issue relating to the levy of penalty u/s 271(1)(c) of the Act is also restored to the file of the ld. CIT(A) to be adjudicated after considering the outcome of the appeals on quantum. - Decided in favour of assessee for statistical purposes.
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