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Income Tax Appellate Tribunal, DELHI BENCH : A : NEW DELHI
Before: SHRI C.M. GARG & DR. B.R.R. KUMAR
(Appellant) (Respondent) Assessee by : Shri Dinesh Verma, Advocate Revenue by : Shri Kanav Bali, Sr. DR Date of Hearing : 13.02.2023 Date of Pronouncement : 13.02.2023 ORDER This appeal filed by the Revenue is directed against the order dated 22.03.2019 of the CIT(A)-23, New Delhi, relating to Assessment Year 2006-07, deleting the penalty imposed by the AO.
The ld. Counsel of the assessee, placing a copy of the order of the ITAT in dated 30.08.2018, deleting the addition made by the AO for the instant assessment year in quantum proceedings, submitted that the penalty in this case does not survive.
The ld. Sr. DR fairly agreed that the addition made by the assessee for the instant year has been deleted by the ITAT in the quantum proceedings and, hence, the penalty does not survive.