ACIT 12(3)(2), MUMBAI vs LASHKARIA CONSTRUCTION PVT LTD., MUMBAI

Income Tax Appellate Tribunal, “A” BENCH, MUMBAI

Before: HON’BLE SHRI VIKAS AWASTHY, JM & HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM

For Respondent: Shri Brajendra Kumar – Ld. DR

O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeal by revenue for Assessment Year [AY] 2011-12 arises out of the order of Ld. Commissioner of Income-Tax (Appeals)-20, Mumbai [CIT(A)] dated 15/10/2019 which has deleted the penalty of Rs.18,05,912/- u/s 271(1)(c) as levied by Ld. AO vide penalty order dated 30/03/2017. Though none appeared for assessee, however, the material on record was sufficient enough for disposal of the appeal. The Ld. DR pleaded for restoration of the penalty.

ACIT 12(3)(2), MUMBAI vs. LASHKARIA CONSTRUCTION PVT LTD., MUMBAI