2016 (6) TMI 382 - HC - Income Tax

Penalty under Section 271(1)(c) - whether the ITAT was justified in upholding the order of the Commissioner of Income Tax, Appeals CIT(A) deleting the penalty imposed by the Assessing Officer ( AO ) under Section 271(1)(c)? - Held that - Apart from the fact that the order of the ITAT is concurring with that of the CIT(A), the reasons for deleting the penalty have been adequately discussed in the concurrent orders of the CIT (A) and the ITAT. The Court is not persuaded to hold that the said order suffer from any legal infirmity.

Summary

The Delhi High Court allowed exemption in CM No. 21901/2016 and condoned the delay in filing the appeal in CM No. 21902/2016. The appeal by the Revenue under Section 260A of the Income Tax Act, 1961 was dismissed as no substantial question of law arose for determination.