TaxTMI 
TaxTMI 
2019 (1) TMI 1631
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.... for the respondent P.C. 1. This appeal is filed by the Revenue to challenge the judgment of the Income Tax Appellate Tribunal ("the Tribunal" for short) raising following question for our consideration :­ "(i) Whether on the facts and in the circumstances of the case and in law, the Tribunal is justified in deleting the penalty levied u/s 271(1)(c) of the Act without appreciating....
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....; of the Act came to be deleted by the Tribunal by the impugned judgment. The Tribunal pressed in service several grounds for deleting the penalty. However, it is not necessary to examine such grounds since only on the first ground recorded by the Tribunal....
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....that whatever be the better method of accounting, this was not a case of concealment of income leading to penalty. The Tribunal noted that the addition of Rs. 28.62 crores had the genesis in the estimation on one side and preponement of the expenditure on the other, based on change of method of accounting. Thus, in clear....