2015 (6) TMI 1115

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..... s filed by the revenue against the order of CIT(A) for assessment years 2004-05 & 2006-07 to 2008-09, in the matter of penalty imposed u/s.271(1)(c) of the Act. 2. Common grounds have been taken in all the years, therefore, for the sake of brevity, all the appeals are heard together and are now decided by this consolidated order. 3. Rival contentions have been heard and record perused. From the .....

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..... enalty imposed in all these years under consideration on account of raw material purchases was deleted by following the order of Tribunal deleting the penalty in assessment year 2005-06 with reference to the similar additions so made. 5. In the assessment year 2006-07, 2007-08 and 2008-09, the CIT(A) deleted the penalty by observing that the Tribunal in assessee's own case for assessment year 200 .....

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..... ct to such addition has no legs to stand. With respect to the addition made on account of raw material purchases, interest income on bank deposit/staff loan, the Tribunal has deleted the penalty after observing that penalty is not leviable in respect of disallowance u/s.80IB of the Act on account of raw material purchases as it is merely a claim which is found to be not sustainable in law. Similar .....

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