Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2020 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (2) TMI 882 - AT - Income TaxPenalty u/s 271(1)(c) - Addition of unexplained deposits and interest thereon - HELD THAT:- As decided in own case [2019 (10) TMI 1026 - ITAT PUNE] we find that the Tribunal deleted the additions on merits. Therefore, it is reasonable be infer that the Tribunal granted relief to the assessee on merits in quantum appeal. As such, there is no dispute on the issue of deletion of the said addition, which is the subject matter of the penalty. Accordingly, the impugned penalty levied u/s 271(1)(c) of the Act shall not survive. - Appeal of the assessee is allowed.
|