2019 (4) TMI 1515

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..... l filed by the revenue against the order of ld.CIT(A)-1, Jaipur dated 01/11/2018 for the A.Y. 2010-11 in the matter of imposition of penalty u/s. 271(1) ( c ) of the Income Tax Act, 1961 (in short the Act). 2. Rival contentions have been heard and record perused. 3. At the outset the ld.AR placed on record the order of Tribunal, in assessee's own case dated 16-07-2018, wherein additions so made .....

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..... order dated 14-03-2019 has confirmed the said order of the Tribunal. The ld. DR has also fairly conceded that quantum addition has been deleted by the Tribunal. Since quantum addition(s) have been deleted, the imposition of penalty has no legs to stand. Accordingly, we confirm the impugned order of the ld. CIT(A) deleting the imposition of penalty of Rs. 90,00,000/- levied u/s. 271(1)( c) of the A .....

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