TMI Blog2015 (6) TMI 1115X X X X Extracts X X X X X X X X Extracts X X X X ..... proceedings, wherein the addition made on account of notional selling and distribution expenses was deleted by the Tribunal. Since the addition on account of notional selling and distribution has been deleted in quantum proceedings, the penalty order passed with respect to such addition has no legs to stand. With respect to the addition made on account of raw material purchases, interest income o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the penalty imposed u/s.271(1)(c) of the Act. - Decided in favour of assessee. - ITA No. 179 to 182/Mum/2014 - - - Dated:- 11-6-2015 - Sushma Chowla (Judicial Member) And R. C. Sharma (Accountant Member) For the Revenue : Neil Philip For the Assessee : Vijay Mehta ORDER R. C. Sharma (Accountant Member) These are the appeals filed by the revenue against the order of CIT( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... istribution expenses has been deleted by the Tribunal in quantum proceedings for the assessment years under consideration. With regard to the penalty imposed on account of addition made for raw material purchased was deleted by the CIT(A) after following the decisions of Tribunal in assessee s own case dated 12-6-2012 for the assessment year 2005-06. The penalty imposed in all these years under co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l as the order of the Tribunal in assessment year 2005-06 in quantum proceedings, wherein the addition made on account of notional selling and distribution expenses was deleted by the Tribunal vide order dated 12-6-2012. Since the addition on account of notional selling and distribution has been deleted in quantum proceedings, the penalty order passed with respect to such addition has no legs to s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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