2018 (6) TMI 1400

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....MENT This Appeal has been filed by the Revenue under Section 260-A of the Income Tax Act, 1961 ['Act' for short], raising certain alleged substantial question of law arising from the Order of the learned Income Tax Appellate Tribunal dated 9.3.2017 passed in I.T.A.Nos.1618/Bang/2014 in 'The ITO v. Smt. Deepika' for Assessment Year 2009-10, setting aside the penalty imposed on the Respon....

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....ation. The explanation was not found to be false. On the contrary, it was held to be bona fide. The cancellation of penalty by the Tribunal was justified. (ii) That the Tribunal was justified in holding that the entire penalty proceedings were vitiated on the ground that the notice issued was not in accordance with law. (iii) That the subject matter of the penalty proceedings was....