Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, DELHI BENCH “E” DELHI
Before: SHRI KUL BHARAT & SHRI PRADIP KUMAR KEDIA
PER PRADIP KUMAR KEDIA, A.M.: The captioned appeal has been filed by the assessee against the order of the ld. CIT(A), Ghaziabad dated 27.09.2018 arising from the order passed by the Assessing Officer u/s. 271(1)(c) of the Act dated 17.03.2017 concerning Assessment Year 2010-11.
As per the grounds of appeal, the assessee has challenged the imposition of penalty of Rs.14,10,000/- imposed by the Assessing Officer u/s. 271(1)(c) of the Act in consequence of additions of Rs.45,50,386/- made by the Assessing Officer as anonymous donation u/s.68 r.w.s. 115BBC.
3. When the matter was called for hearing, the ld. counsel for the assessee at the outset submitted that the quantum addition stands deleted by the Co-ordinate Bench of the Tribunal in order dated 28.08.2019 and thus the basis for imposing penalty has faded into oblivion and has ceased to exist.
4. Having regard to the assertion made on behalf of the assessee and in the light of the order of the Co-ordinate Bench in quantum proceedings the edifice for imposing penalty has clearly ceased to exist. Hence, the penalty imposed in question does not survive any more. Accordingly, the penalty imposed in question stands deleted.
In the result, the appeal of the assessee is allowed. 3. Order pronounced in the open Court on 21st December, 2021.