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2022 (1) TMI 636 - AT - Income TaxPenalty imposed u/s. 271AAB(c) - undisclosed income - as per AO assessee has itself disclosed additional income during the course of search - CIT-A deleted the penalty levy - HELD THAT:- CIT(A) has quashed the penalty order on account of the fact that the addition stood deleted by the ITAT and this very specific appeal effect order passed by the AO was taken cognizance of by him. We have already extracted the relevant portion from the penalty order and seen that the specific penalty was levied on account of the alleged disclosure. Accordingly, we are of the view that the prayer of the assessee has to be allowed and ground raised by the Revenue has no merit. The departmental grounds stand dismissed.
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