PANTHER INVESTRADE LTD,MUMBAI vs. ASST CIT CEN CIR 40, MUMBAI

CORRIGENDUM O R D E R We found an apparent mistake in the order of the Tribunal in so far as Tribunal in para 12 has confirmed the penalty on the interest refund of Rs.11,38,158/- not offered in the return of income. We found that no penalty has been levied by the AO in respect of addition of this interest, therefore, there is no reason for confirming any penalty with respect to this addition. Since the Assessing Officer has not levied penalty in its order dated 25/03/2009 passed u/s.271(1)(c), an apparent mistake has been crept in the order of Tribunal for confirming this penalty. The order of the Tribunal is rectified so as not to levy any penalty on the addition of such interest. Sd/- Sd/- (PAWAN SINGH) (R.C. SHARMA) JUDICIAL MEMBER ACCOUNTANT MEMBER Mumbai; Dated : 20/09/2018