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Income Tax Appellate Tribunal, AHMEDABAD “A” BENCH, AHMEDABAD
Per Pramod Kumar, Vice President:
By way of this appeal, the appellant Assessing Officer has challenged correctness of the order dated 15th July 2016, passed by the ld. CIT(A), deleting the penalty of Rs.20,25,900./- imposed on the assessee under section 271(1)(c) of the Income Tax Act, 1961, for the assessment year 2010-11.
Vide order dated 28th January 2019, a co-ordinate bench of this Tribunal has deleted 2. the related quantum addition. Once the related quantum addition itself stands deleted, the very foundation of impugned penalty ceases to hold good in law. For this short reason alone, we uphold the conclusion arrived at by the learned CT(A) and decline to interfere in the matter.
In the result, the appeal is dismissed. Pronounced in the open Court on this 1st day 3. of April, 2019.
Sd/- Sd/- Ms. Madhumita Roy Pramod Kumar (Judicial Member) (Vice President) Ahmedabad, the 1st day of April, 2019
ITA No.2345/Ahd/2016 Assessment Year: 2010-11 Page 2 of 2
PBN/*
Copies to: (1) The appellant (2) The respondent (3) Commissioner (4) CIT(A) (5) Departmental Representative (6) Guard File
By order TRUE COPY
Assistant Registrar Income Tax Appellate Tribunal Ahmedabad benches, Ahmedabad