Penalty rendered ineffective as quantum addition deleted by previous order. Revenue's appeal rejected.

The ITAT Delhi held that the penalty imposed on the assessee was rendered ineffective as the previous order had deleted the quantum addition. The revenue's appeal was rejected, with the judgment issued on 20th May 2022.

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The ITAT Delhi ruled that the penalty levied on the assessee was infructuous as the quantum addition in question had been deleted in a previous order dated 17.02.2021. The appeal of the revenue was dismissed. Judgment was pronounced on 20th May 2022.

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