2017 (2) TMI 1507

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....ssee : Aditi Sheth, A.R. ORDER PER S. S. GODARA, JUDICIAL MEMBER This Revenue's appeal for assessment year 2009-10 arises against the CIT(A)-6, Ahmedabad's order dated 29.04.2013 passed in appeal no. CIT(A)-VI/117/R-2/12-13, deleting penalty of Rs. 17.80lacs as imposed by the Assessing Officer vide order dated 11.12.2012, in proceedings u/s.271D of the Income Tax Act, 1961; in short "the ....

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....ontentions. The Revenue's vehement contention seeks to revive the impugned Section 271D penalty. Shri Kabra quotes hon'ble Kerala high court's decision in Grihalakshmi Vision vs.Addl.CIT (AIT-2015-133-HC) that the Assessing Officer had rightly invoked Section 271D penal action. He however fails to dispute all the above stated decisions holding that Section 269SS is not attracted in transactions be....