2013 (11) TMI 975

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.... Shah) 1.00. Being aggrieved by and dissatisfied with the impugned Judgement and Order dtd. 30/4/2013 passed by the learned Income Tax Appellate Tribunal (hereinafter referred to as "the ITAT) passed in IT (SS) A.No.763/Ahd/2010 with respect to AY 2006-07, revenue has preferred the present Tax Appeal with the following proposed substantial question of law :- "Whether the Appellate Tribunal h....

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.... Nos.444 and 445 of 2013. Consequently, when the addition has been set aside in the quantum appeal, as rightly observed by the learned ITAT, there is no question of levy of penalty under section 271(1)(c) of the Income Tax Act. Under the circumstances, we see no reason to interfere with the impugned order passed by the ITAT. Under the circumstances and in the facts and circumstances narrated herei....