2007 (10) TMI 658

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..... ted nil October, 2005 passed by the Income-tax Appellate Tribunal ( Tribunal ), Delhi Bench G , New Delhi in ITA Nos. 3829 3838/Delhi/2004 relevant for the financial years 2001-02 and 2002-03 respectively. The present appeal is however directed against the decision rendered in ITA No. 3838/Delhi/2004 relevant for the financial year 2001-02. 2. The assessee is a travel agent for various airli .....

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..... id to its agents was debatable. It obtained the opinion of some experts including the former Chairman of CBDT, a senior Advocate and a Chartered Accountant to the effect that no tax was deductible at source from the discounts and special commission offered by the assessee to its agents. Accepting this explanation, the Tribunal concurred with the view of the CIT(A) that penalty ought not to be levi .....

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