2018 (11) TMI 1685

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....For the Respondent : P.M. Mehta with G.M. Thakor, AR ORDER PER MAHAVIR PRASAD, JUDICIAL MEMBER: This appeal has been preferred by the Revenue against order of ld. CIT(A) dated 19.12.2016 for the Assessment Year 2003-04. 2. The Revenue has taken the following ground of appeal :- "Whether the ld. CIT(A) is right in law and on fact in deleting the penalty levied of Rs. 4,84,75,00....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ve investment figure. Lastly comes page 57 containing details of assessee's provision in the impugned assessment order of Rs. 69,46,73,244/- as well as similar provisions written back amounting to Rs. 55,61,73,244/-. The assessee's case accordingly is it has duly followed netting principle as per hon'ble jurisdictional high court's judgment in Vodafone Essar's case (supra). These crucial facts evi....