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Income Tax Appellate Tribunal, “A” BENCH, MUMBAI
Before: HON’BLE SHRI VIKAS AWASTHY, JM & HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM
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.