2015 (9) TMI 1395

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..... hereafter paid the tax and the applicable interest, thus all the requirements of the clause were met by the assessee and, therefore, the correct view of the matter in allowing the immunity and upholding the setting aside the order of penalty passed by AO. See Commissioner of Income-Tax, Central-I, Kolkata vs. Amardeep Singh Dhanjal [2013 (2) TMI 291 - CALCUTTA HIGH COURT ] and Commissioner of Inc .....

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..... Appellate Tribunal erred in law in upholding the order of Commissioner of Income Tax (Appeal) holding the Assessing Officer was not justified in levy penalty under section 271(1)(c) of the Income Tax Act, 1961 for the Assessment Years 2003-04 to 2005-06? It is submitted by Mr. N. K. Poddar, learned senior advocate for the respondent/assessee that the issues in question stand covered by the unr .....

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