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Income Tax Appellate Tribunal, “SMC” BENCH, AHMEDABAD
Before: Shri Pramod Kumar]
By way of this appeal, the assessee appellant has challenged correctness of learned CIT(A)’s order dated 14.10.2016 upholding penalty of Rs.3,30,850/- imposed on the assessee under section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2011-12.
Vide order dated 3rd December 2018, a co-ordinate bench of this Tribunal 2. has deleted the quantum addition in respect of which the impugned penalty was levied. As the quantum addition stands deleted, the very foundation of impugned penalty ceases to hold good in law. The penalty is also, therefore, deleted.
In the result, the appeal is allowed. Pronounced in the open court today on the 18th February, 2019. Sd/-
Pramod Kumar (Vice President) Ahmedabad, the 18th day of February, 2019 **bt
SMC-ITA No. 3470/Ahd/2016 Capiq Engineering Pvt Ltd vs. ITO Assessment year: 2011-12 Page 2 of 2 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
Date of dictation: .....covered matter...14.02.2019.......... 2. Date on which the typed draft is placed before the Dictating Member: ... 14.02.2019...... 3. Date on which the approved draft comes to the Sr. P.S./P.S.: ..18.02.2019 ........ . 4. Date on which the fair order is placed before the Dictating Member for Pronouncement:… 18.02.2019... 5. Date on which the file goes to the Bench Clerk : ... 18.02.2019......... 6. Date on which the file goes to the Head Clerk : ……………………………. 7. The date on which the file goes to the Assistant Registrar for signature on the order: …… 8. Date of Despatch of the Order.......