Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (8) TMI 506 - ITAT DELHIPenalty u/s 271(1)(c) - Enhancement order u/s 252(2) of CIT - Action of the lower authorities for making additions on the ground other than recorded reasons - HELD THAT:- Admittedly in quantum proceedings the addition, which was the basis for imposing impugned penalty u/s 271(1)(c) of the Act, has since been deleted by the Coordinate Bench of this Tribunal vide its order [2023 (6) TMI 668 - ITAT DELHI]. Therefore, since the very basis for levy of penalty has gone, the impugned penalty levied u/s 271(1)(c) of the Act cannot survive and stands deleted accordingly - Appeal of the assessee is allowed.
|