2018 (10) TMI 1300

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....DER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. Revenue is in appeal against the judgment of the Incometax Appellate Tribunal dated 22.8.2017 raising following question for our consideration. "A. Whether the Appellate Tribunal is correct in law and in fact in upholding the decision of the ld. CIT(A) and deleting the penalty of Rs. 67,26,000/u/ s.271(1)(c) of the Act levied on acco....

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....edings. A reading of the order of the Tribunal shows that the issue involved is complex and debatable in nature. 8. After perusal of the orders of the authorities below and after taking note of rival submissions, we are unable to find any infirmity in the conclusion drawn by the CIT(A). The CIT(A) has taken note of the relevant facts while adjudicating the issue in favour of assessee. As ....