2017 (8) TMI 1356

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....pondent : Mr. Rohit Jain & Mr. Aniket D. Agarwal, Advocates. ORDER 1. This appeal by the Revenue is filed against an order dated 29th May 2015 by the Income Tax Appellate Tribunal ('ITAT') in Delhi in ITA No. 542/Del/2013 relating to the Assessment Year ('AY') 2003-04. 2. The question urged by the Revenue is whether the ITAT was justified in deleting the penalty imposed on the Assessee under ....

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....nt of material particulars which would warrant a levy of penalty. 6. Mr. Ashok Manchanda, learned Senior Standing counsel for the Revenue, urged that the ITAT erred in observing in para 20 in the impugned order that, in the computation of the income filed by the Assessee, the above facts were disclosed. He has produced a copy of the revised computation statement filed by the Assessee where there ....