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2015 (7) TMI 952 - DELHI HIGH COURT

2015 (7) TMI 952 - DELHI HIGH COURT - TMI - Penalty under Section 271(1) - ITAT deleted penalty - Held that:- AO initiated penalty proceedings in respect of the addition made and confirmed it. The CIT (Appeals) was of the opinion that in the given circumstances of the case since the appellant upon receipt of notice filed a revised return that circumstance weighed predominantly AO to impose penalty. The CIT(A) consequently set aside the penalty; the revenue's grievance that this score was rejecte .....

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ty, this Court is of the opinion that no substantial question of law arises. - Decided in favour of assessee. - ITA No. 347/2015 - Dated:- 26-5-2015 - S. Ravindra Bhat And R. K. Gauba,JJ. For the Appellant : Mr Rohit Madan, Sr Standing Counsel For the Respondent : None ORDER 1. The revenue claims to be aggrieved by an order of the Income Tax Appellate Tribunal (ITAT) dated 29.09.2014 in ITA Nos.3536 & 5089/Del/2012. It urges that the direction to cancel the penalty - assessed to the tune of .....

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