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2019 (8) TMI 1411 - AT - Income TaxPenalty u/s 271(1)(c) - quantum addition deleted - HELD THAT:- As perused the orders of the lower authorities and the material available on record. We find that the Tribunal while disposing off the quantum appeal of the assessee for the year under consideration i.e. A.Y. 2010-11 had vacated the addition that was confirmed by the CIT(A). We are of the considered view that now when the quantum addition had been vacated by the Tribunal, therefore, the penalty imposed by the A.O under Sec.271(1)(c) in respect of the said addition cannot be sustained and is accordingly deleted.
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