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2017 (3) TMI 1739 - ITAT DELHIPenalty u/s 271(1)(c) - assessee claimed deduction under the head ‘Power purchase price.’- Held that:- The penalty under identical circumstances was also imposed on the assessee for the immediately preceding assessment year i.e., 2007-08. The Tribunal, has deleted the penalty. A copy of such order has been placed on record. The ld. DR could not point out any distinguishing feature for this year vis-à-vis the immediately preceding year which has been considered and decided by the Tribunal. Respectfully following the precedent, we uphold the impugned order in deleting the penalty. - Decided in favour of assessee.
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