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Income Tax Appellate Tribunal, “C” BENCH KOLKATA
Before: Shri Sanjay Garg & Shri Rakesh Mishra
order : July 22, 2024 आदेश / ORDER संजय गग�, �या�यक सद�य �वारा / Per Sanjay Garg, Judicial Member: The present appeal has been preferred by the assessee against the order dated 04.09.2023 of the National Faceless Appeal Centre [hereinafter referred to as ‘CIT(A)’] passed u/s 250 of the Income Tax Act (hereinafter referred to as the ‘Act’). 2. The assessee in this appeal has agitated against the confirmation of penalty levied by the Assessing Officer u/s 271(1)(c) of the Act.
At the outset, the ld. Counsel for the assessee has invited our attention to the order of the Tribunal dated 20.05.2024 passed in whereby, the quantum addition relating to the impugned penalty stands deleted vide aforesaid order of the Tribunal. The impugned penalty u/s 271(1)(c) of the Act, therefore, has no legs to stand and the same is accordingly ordered to be deleted.
Assessment Years: 2011-12 Alma Assets Consultancy Pvt. Ltd 4. In the result, the appeal of the assessee stands allowed.