2019 (6) TMI 99

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....eb, Sr. DR ORDER PER SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER : This is an appeal filed by the assessee against the order dated 12.1.2016 passed by the Ld. Commissioner of Income Tax (Appeals)-27, New Delhi for assessment year 2010-11 wherein, vide the impugned order, the Ld. Commissioner of Income Tax (Appeals) has upheld the imposition of penalty of Rs. 26,45,510/- u/s 271(1)(c) of the Inc....

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....r. 4.0 Having heard the rival submissions and the contentions and keeping in view the fact that the assessee's quantum appeal has since been restored by a Coordinate Bench of this Tribunal in ITA No. 1028/Del/2013 vide order dated 02.04.2019, it is our considered opinion that it will be in the fitness of things if the penalty appeal is also restored to the file of the Assessing Officer. Accordi....