2009 (9) TMI 209

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....None appeared for the respondent. JUDGMENT 1. The present appeal filed under section 260A of the Income-tax Act, 1961 (hereinafter referred to as "the Act") has been filed against the order dated July 28, 1999, passed by the Income-tax Appellate Tribunal, New Delhi in respect of the penalty proceedings under section 271 (1) (c) of the Act for the assessment year 1986-87. The appeal was admit....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssessee. Penalty of Rs. 20,000 was imposed under section 271(1)(c) of the Act. The appeal preferred against the order dated May 4, 1990 has been allowed by the Commissioner of Income-tax (Appeals) which order has been upheld by the Tribunal. The Tribunal while dismissing the Revenues appeal has held that as in the quantum proceedings, the issue relating to addition which was a subject-matter of th....