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Income Tax Appellate Tribunal, DELHI BENCH ‘E’ : NEW DELHI
ASSESSEE BY : Shri Piyush Kumar Kamal, Advocate REVENUE BY : Shri S.L. Anuragi, Sr. DR Date of Hearing : 20.03.2023 Date of Order : 23.03.2023
ORDER PER SHAMIM YAHYA, ACCOUNTANT MEMBER : This appeal by the assessee is directed against the order of ld. CIT (Appeals)-12, New Delhi dated 30.08.2019 pertaining to the Assessment Year 2012-13. 2. The issue relates to levy of penalty under section 271(1)(c) of the Income-tax Act, 1961 (for short 'the Act') amounting to Rs.16,86,040/-. 3. At the outset, in this case, ld. Counsel of the assessee submitted that in quantum appeal, the ITAT has already deleted the addition in ITA
Ld. DR for the Revenue did not dispute the proposition.
Accordingly, since the quantum addition has been deleted we set aside the orders of the authorities below and delete the penalty. 6. In the result, assessee’s appeal stands allowed. Order pronounced in the open court on this 23rd day of March, 2023.