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Income Tax Appellate Tribunal, AHMEDABAD SMC BENCH, AHMEDABAD
ITA No.2116/Ahd/2015 Assessment Year: 2004-05
IN THE INCOME TAX APPELLATE TRIBUNAL, AHMEDABAD SMC BENCH, AHMEDABAD [Coram : Pramod Kumar, Accountant Member] ITA No.2116/Ahd/2015 Assessment Year: 2004-05
Assistant Commissioner of Income Tax, Circle – 2(1)(2), Ahmedabad. …...…..………Appellant Vs. Maan Pharmaceuticals Limited, …………….Respondent 506, Samedh, Near Associated Petrol Pump, C.G. Road Ahmedabad – 380 006. [PAN : AAACM 9899 E] Appearances by : Vimal I. Mehta for the appellant Ashish B. Shah for the respondent Date of concluding the hearing : 14.08.2017 Date of Pronouncing the order : 17.08.2017 O R D E R
This appeal filed by the Assessing Officer is directed against the order dated 30.04.2015, passed by the learned CIT(A)-2, Ahmedabad, for the assessment year 2004-05.
When this appeal was called out for hearing, learned Counsel for the assessee invited our attention to the fact that the related quantum addition itself, vide order dated 22.08.2014 passed by this Tribunal, stands deleted. In this view of the matter, the learned Counsel for the assessee submits, this penalty should also be deleted.
ITA No.2116/Ahd/2015 Assessment Year: 2004-05
Learned Departmental Representative does not oppose the prayer so made by the assessee.
In view of the above discussion, we deem it fit and proper to delete the impugned penalty. Ordered, accordingly.
In the result, appeal is dismissed. Pronounced in the open court today on the 17th day of August, 2017. Sd/- Pramod Kumar (Accountant Member) Dated: Ahmedabad, the 17th day of August, 2017. PBN/*
Copies to: (1) The appellant (2) The respondent (3) CIT (4) CIT(A) (5) DR (6) Guard File
By order Assistant Registrar Income Tax Appellant Tribunal Ahmedabad Benches, Ahmedabad