2016 (7) TMI 403

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....e Tribunal, Ahmedabad Bench 'B' (hereinafter referred to as 'the Tribunal'), the revenue has preferred the present Tax Appeals assailing the following orders Tax Appeal No. Date of Tribunal's order ITA No. Assessment Year 114/2009 31. 03.2008 17/Ahd/2007 1993-94 115/2009 31. 03.2008 18/Ahd/2007 1994-95 116/2009 31 03.2008 19/Ahd/2007 1995-96 118/2009 31 03.2008 14/Ahd/2007 1996-97 120/2009 31. 03.2008 15/Ahd/2007 1997-98 122/2009 31. 03.2008 16/Ahd/2007 1998-99   1.1 These matters were admitted by this Court for consideration of the following substantial question of law: (A) Whether on the facts and circumstances of the case, the Appellate Tribunal was justified in law in deleting the penalty u/s.13 of I....

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....he additions made by the Assessing Officer was confirmed by CIT(A) on appeal and the CIT(A) deleted the penalties. 2.1 On appeal before the Tribunal by the revenue, by impugned judgment and orders, Tribunal confirmed the order passed by the CIT(A). Being aggrieved and dissatisfied with the impugned orders passed by the Tribunal, the revenue has preferred the present Tax Appeals for consideration of the aforesaid substantial question of law. 3. Mr. Sudhir Mehta, learned advocate appearing for the revenue submitted that during the assessment proceedings, the assessee had submitted a revised statement of chargeable interest in which a new claim had been made. He submitted that as per the assessee, the interest tax @ 3% on the chargeable inte....