2013 (12) TMI 10

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....: PER : N Kumar The revenue has preferred this appeal challenging the order passed by the Tribunal which has set aside the penalty imposed by the Assessing Authority as well as the Appellate Authority on the ground that the assessee has furnished an inaccurate particulars. 2. The facts are not in dispute. The assessee is the company engaged in the business of construction of buildings. Fo....

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.... order the assessee preferred an appeal to the Tribunal. The Tribunal held that the assessee was entitled to claim deduction. Merely because the assessee withdrew the deduction, conceded to the demand of the department and paid tax and interest, as there is no malafide intention, the assessee cannot be imposed penalty and as such the order imposing penalty was set aside. Aggrieved by the said orde....