2019 (4) TMI 1581

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....spondent : Mr.S.Sridhar COMMON JUDGMENT DR.VINEET KOTHARI, J. These Appeals have been filed by the Revenue under Section 260-A of the Income Tax Act by raising the following purported substantial questions of law arising from the order passed by the Income Tax Appellate Tribunal on 4.1.2008 dismissing the Revenue's Appeal for the Assessment Year 1999-2000, 2000-2001 and 2002-2003:- ....

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....he hands of the Assessee but also set aside the consequential penalty under Section 271(1)(c) of the Act. 3. The findings of the learned Tribunal in the said order with regard to disallowance under Section 14A of the Act and penalty which were set aside by the first Appellate Authority are quoted below for ready reference:- "4.1. The appellant also submitted that there is no case for l....

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....(1)(c). 5. I have perused the facts pertaining to the issues in this case and considered all the relevant materials. I have, by my order in ITA.No.619/2005- 06/A.III dated 19.10.2006 deleted the entire addition made in the assessment and therefore, the impugned penalty arising from the said addition also stands deleted. I, therefore, direct the Assessing Officer to delete the penalty of R....