2019 (2) TMI 994

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ent : Sh. Surender Pal, Sr. DR ORDER PER R.K. PANDA, AM: 1. This appeal filed by the assessee is directed against the order dated 05.01.2016 of the CIT(A)-I, New Delhi relating to A. Y. 2008-09. 2. Levy of penalty of Rs. 6 lacs by the Assessing Officer u/s 271 (1) (c ) of the Act which has been upheld by the CIT(A) is the only issue raised by the assessee in the grounds of appeal. 3....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the Assessing Officer for fresh adjudication. Since the very basis on which penalty was levied has been set aside to the file of the Assessing Officer by the Tribunal, therefore, the penalty order has no legs to stand. He accordingly submitted that the penalty levied by the Assessing Officer and sustained by the CIT (A) should be deleted. 4. The Ld. DR on the other hand while conceding that the....