2018 (9) TMI 881

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....E AKIL KURESHI) 1. Revenue is in appeal against the judgement of the Income Tax Appellate Tribunal dated 19.04.2018. Following question is raised for our consideration: "Whether on facts and circumstances of the case and in law the Appellate Tribunal was justified in upholding the cancellation of penalty u/s. 271(1)(c) of the I.T.Act, 1961 by the CIT(A) amounting to Rs. 3,42,08,425/-?" 2. Is....