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2015 (9) TMI 1286 - ITAT AHMEDABADLevy of penalty u/s.271(1)(c) - addition on account of adjustment u/s.145A with regard to difference in closing stock and unutilized MODVAT, disallowance of foreign travel expenses amounting to ₹ 1,35,750/- and disallowance to bonus payment to labourers - Held that:- So far as the imposition of penalty for addition made on account of adjustment u/s.145A of the Act and foreign travel expenses are concerned, the Coordinate Bench of this Tribunal has deleted the penalty in assessee's own case for AY 2004-05.[2011 (12) TMI 517 - ITAT AHMEDABAD] In respect of addition made on account of disallowance of bonus payment to labourers in quantum appeal, this Coordinate Bench for AY 2005-06 [2012 (11) TMI 1077 - ITAT AHMEDABAD] had restored this issue back to the file of AO for de novo assessment. Under these facts, the penalty levied on this amount does not survive. - Decided in favour of assessee.
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