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2018 (12) TMI 1139 - AT - Income TaxPenalty u/s. 271(1)(C) - deemed income u/s. 2(22)(e) - Held that:- Additions on which the penalty in dispute was levied, has already been deleted by the ITAT, except the addition of ₹ 13,634/- which was not pressed by the assessee in quantum appeal in assessee’s own case as aforesaid, hence, the penalty in dispute will not survive on the additions in dispute, except the penalty on the addition of ₹ 13,634/- which was not pressed by the assessee in quantum appeal before the Tribunal[2018 (11) TMI 1008 - ITAT DELHI]. Accordingly, we delete the penalty in dispute and sustain the penalty on the addition. - Decided partly in favour of assessee.
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