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2020 (7) TMI 15 - AT - Income TaxPenalty u/s 271(1)(c) - Quantum addition deleted - HELD THAT:- Additions, on which the penalties were levied, have since been deleted by the ITAT. We notice that the Ld. CIT(A) has placed reliance on the decision rendered by Hon’ble Gujarat High Court in the case of Babul Harivadan Parikh [2013 (10) TMI 105 - GUJARAT HIGH COURT] and in the case of Smt. Bharto Devi [2011 (2) TMI 951 - PUNJAB AND HARYANA HIGH COURT] in support of his decision. Though the Ld D.R contended that the Ld CIT(A) should not have deleted the penalty, yet he could not furnish any decisions contrary to the decisions relied upon by Ld CIT(A). Hence, we do not find any infirmity in the decision rendered by Ld. CIT(A) in deleting the penalty levied u/s 271(1)(c) - Decided in favour of assessee.
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