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2022 (8) TMI 741 - AT - Income TaxPenalty proceedings u/s 271(1)(c) - assessment framed u/s 92CA(4)/143(3) - addition on account of provision for interest on excise duty - HELD THAT:- Revenue has not brought any material to rebut the finding of Ld.CIT(A) that claim of the assessee was allowed in quantum appeal in AY 2102-13. Therefore, on such disallowance in the year under appeal, no penalty would be attracted. Moreover, the Ld.CIT(A) has given a finding that the claim of the assessee was bonafide. Under these facts, we do not see any reason to interfere into the finding of Ld.CIT(A), the same is hereby upheld. Thus, grounds raised by the Revenue are dismissed.
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