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TMI Blog2019 (9) TMI 189X X X X Extracts X X X X X X X X Extracts X X X X ..... appeals by different Assessees are directed against the different Orders of the Ld. CIT(A)-14, New Delhi, Dated 29.11.2018, for the A.Y. 2014-2015 and Dated 30.11.2018 for the A.Y. 2014-2015, challenging the levy of penalty under section 271(1)(c) of the I.T. Act, 1961. 2. Learned Counsel for the Assessee while arguing in the case of Smt. Amanpret Kaur referred to show cause notice dated 26.12.2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se it is not clear whether penalty was initiated for furnishing inaccurate particulars of income or for concealment of particulars of income. He has submitted that issue is covered by the Judgment of the Hon'ble Delhi High court in the case of Pr. CIT vs. M/s. Sahara India Life Insurance Company Ltd., reported in 2019 (8) TMI 409 (Del.) vide Judgment Dated 02.08.2019 in paras 21 and 22 the Hon'ble ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of India in SLP No.11485 of 2016 by order dated 5th August, 2016. 22. On this issue again this Court is unable to find any error having been committed by the ITAT. No substantial question of law arises." 2.3. He has, therefore, submitted that penalty is not leviable in the matter. 3. The Ld. D.R. on the other hand relied upon the Orders of the authorities below. 5. After considering the riva ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 02.08.2019 in the case of Pr. CIT vs. M/s. Sahara India Life Insurance Company Ltd., (supra) following the decision of Hon'ble Supreme Court in the case of M/s. SSAs Emerald Meadows (supra) confirmed cancellation of the penalty. I, therefore, following the aforecited decision of the Hon'ble Delhi High Court in the case of Pr. CIT vs. M/s. Sahara India Life Insurance Company Ltd., (supra) set asid ..... X X X X Extracts X X X X X X X X Extracts X X X X
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