Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, JODHPUR BENCH ‘SMC’: JODHPUR
ORDER
PER DR. B.R.R. KUMAR, AM:
This appeal is preferred by the Assessee against order dated 02/07/2019 passed by the Learned Commissioner of Income Tax (Appeals)-Ajmer {CIT(A)} for Assessment Year 2014-15.
M/s Suparshav Synthetics Pvt. Ltd. vs. ACIT
The assessee has raised the following grounds of appeal: “1. Confirming the penalty u/sec. 271(1)(c) of Rs.3,38,000.00 is bad in law. 2. Any other matter with prior permission of the Chair.”
3. On record, we find that the quantum addition has been deleted vide the order of Co-ordinate Bench of ITAT, Jodhpur, in dated 31/08/2020 and, hence, the penalty levied in this case is liable to be deleted.
In the result, the appeal of the Assessee is allowed.
Order pronounced in the open Court on 27th October, 2023.