TMI Blog2020 (2) TMI 465X X X X Extracts X X X X X X X X Extracts X X X X ..... ad deleted the addition made by the Assessing Officer. It may also be stated that penalty was imposed following addition made by the Assessing Officer. Imposition of penalty by the Assessing Officer was interfered in appeal against which the present appeal arises. Quantum appeal by the revenue has been dismissed by this Court, the very foundation for sustaining the present appeal no longer surv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stion of law:- Whether on the facts and in the circumstances of the case and in law, the Tribunal is right in deleting penalty of ₹ 1,14,42,717.00 levied u/S. 271(1)(c) of the Act on account of bogus professional fees paid to Shri. S.K. Gupta? 4. From the above, it is evident that the issue involved in the present appeal is deletion by the Tribunal of the penalty imposed on the res ..... X X X X Extracts X X X X X X X X Extracts X X X X
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