DCIT,CENTRL CIRCLE-3(1), CHENNAI vs. LATE SHRI B.G.RAGHUPATHY, REP. BY L/H SMT.SASIKALA RAGHUPATHY, CHENNAI

आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. In this appeal, the revenue is contesting deletion of penalty u/s 271(1)(c) for Rs.430.07 Lacs by Ld. first appellate authority vide impugned order dated 22.02.2022. 2. After hearing, the undisputed position that emerges is the fact the quantum additions against which penalty has been levied, has fully been deleted by Tribunal. Considering the same, Ld. CIT (Appeals) has deleted the penalty as levied by Ld. AO. The Ld. CIT-DR urged that the revenue’s appeal against Tribunal order is pending before Hon’ble High Court of Madras. However, as of today, the order of Tribunal deleting the quantum additions stands. Therefore, we do not find any reason to interfere in the impugned order. 3. The appeal stands dismissed. Order pronounced on 22nd June, 2022.