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Income Tax Appellate Tribunal, AHMEDABAD “A” BENCH, AHMEDABAD
Per Pramod Kumar, Vice President:
By way of this appeal, the Assessing Officer has challenged correctness of the order dated 25th April 2014 passed by the learned CIT(A), Ahmedabad, deleting penalty of Rs.29,68,624/- imposed under section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2008-09.
When this appeal was called out for hearing, ld. Counsel for the assessee invited our attention to the appeal effect order dated 17.08.2015 whereby quantum of penalty stands reduced to Rs.16,06,853/-. He submits that in view of the fact that the relief now in challenge before the Tribunal is less than Rs.20.00 lakhs, the present appeal filed by the Revenue is not maintainable and hence liable to be dismissed.
ITA No.2093/Ahd/2014 ITO vs. PASL Windtech Pvt Ltd Assessment year: 2008-09 Page 2 of 2 3. Learned Departmental Representative does not oppose the submissions made by the ld. counsel for the assessee and fairly accepts that that the tax effect involved in the present appeal is less than Rs.20 lakhs.
In the result, appeal filed by the Revenue is dismissed. Pronounced in the open court today on the 29th January, 2019.
Sd/- Sd/- Ms. Madhumita Roy Pramod Kumar (Judicial Member) (Vice President) Ahmedabad, the 29th day of January, 2019 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