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Income Tax Appellate Tribunal, DELHI BENCH “F” NEW DELHI
Before: SHRI I.C. SUDHIR & SHRI O.P. KANT
ORDER
PER I.C. SUDHIR: JUDICIAL MEMBER Revenue has questioned first appellate order whereby the Learned CIT(Appeals) has deleted the penalty of Rs.44,29,597 levied under sec. 271(1)(c) of the Income-tax Act, 1961.
During the course of hearing, the Learned AR pointed out that present appeal preferred by the Revenue questioning the deletion of penalty levied under sef. 271(1)© of the Income-tax Act, 1961 is not maintainable since in the meanwhile the quantum appeal on the basis of the additions questioned therein, penalty was levied has been allowed in favour of the assessee.