2019 (3) TMI 496

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..... K. C. Builders & Others Vs ACIT [2004 (1) TMI 7 - SUPREME COURT] held that Where the additions made in the assessment order on the basis of which penalty for concealment is levied, are deleted, there remains no basis at all for levying penalty for concealment and, therefore, in such a case no penalty can survive - Decided in favour of assessee. - ITA No. 1260/CHD/2018 - - - Dated:- 8-3-2019 - S .....

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..... ditions on the basis of which the penalty u/s 271(1)(c) of the I.T. Act. 1961 was levied by the Assessing officer was deleted by the ITAT and the relevant findings has been given by the Ld. CIT(A) in par 5.2 of the impugned order. 4. In his rival submissions the Ld. DR supported the orders of the Assessing officer. 5. After considering the submissions of both the parties and material on reco .....

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