2015 (6) TMI 291

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....espondents : Mr. R. Sivaraman JUDGMENT (Judgment of the Court was delivered by R. Sudhakar,J.) The above Tax Case (Appeals) are filed by the Revenue as against the order of the Income Tax Appellate Tribunal deleting the penalty levied by the Assessing Authority in respect of the assessment years 1985-86 to 1990-91. 2. It is submitted by the learned counsel appearing for the assessee th....

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....cluded in the net wealth of the assessee. For better clarity, the findings of the Tribunal read as follows: "3. In the present appeals, the Revenue has only challenged the deletion of penalty in respect of property at Anna Nagar. This Tribunal, by order dated 21.11.1996 in the quantum appeal, has deleted the addition made in respect of the property at Annanagar on the ground that the same canno....