2016 (1) TMI 136

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....tri, Sr. Advocate with Mr. Madhur Agarwal and Mr. A.K. Jasani ORDER P.C. This Appeal under Section 260A of the Income Tax Act, 1961 (the Act) challenges the order dated 4th September, 2013 passed by the Income Tax Appellate Tribunal (the Tribunal) for the Assessment Year 2003-04. 2. The Revenue urges following questions of law for our consideration: "(a) Whether on the facts a....

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....c) of the Act. The basis of the penalty was the order passed in quantum proceedings. 4. In appeal, the Commissioner of Income Tax (Appeals) [CIT(A)] deleted the penalty. The Tribunal by the impugned order, upheld the order of the CIT(A) by holding that in quantum proceedings, the Appeal from the order of the Tribunal for the subject assessment year had been admitted by this Court on 22nd July, ....