2015 (9) TMI 1244

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....ted against the common impugned order dated 25th November, 2015 passed by the ITAT in ITA Nos. 4580/DEL/2010 and 4579/DEL/2010 for the Assessment Year ('AY') 2007- 08 allowing the appeals in favour of the Assessees both of whom are joint ventures. 2. The question of law framed in both these appeals is "Whether the ITAT erred in law and on merits in deleting the penalty levied u/s 271 (1) (c) of t....

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....ee in the return filed on 1st November 2007 i.e. within the six months thereafter. The deduction was claimed on the basis of the report of the Chartered Accountant in Form 10 CCB. The ITAT accepted the submission of the Assessee that the said Explanation below Section 80 I A (13) was over looked not only by the Assessee but also by its auditors while submitting their report in Form 10CCB. The ITAT....