DEPUTY COMMISSIONER OF INCOME TAX, AMRAVATI & CHANDRAPUR CIRCLE, AMRAVATI vs. CHANDRAPUR DISTRICT CENTRAL CO-OP BANK LTD., 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