ASSISTANT COMMISSIONER OF INCOME TAX , CHANDRAPUR CIRCLE , CHANDRAPUR vs. M/S CHANDRAPUR DISTRICT CENTRAL CO-OPRATIVE BANK LIMTED , CHANDRAPUR

In the result, appeal filed by the Revenue is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

u/s 271(1)(c) of I.T. Act 1961 at Rs. 12.5 cores is hereby cancelled. The grounds of appeal are allowed.” The Revenue, being aggrieved by the aforesaid order passed by the learned CIT(A) deleting the penalty levied by the Assessing Officer under section 271(1)(c) of the Act, is in appeal before the Tribunal. 8. We have