2018 (9) TMI 1397

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..... A.T., no basis remains at all for levying penalty and the same is directed to be deleted - Decided in favour of assessee. - ITA No.1209/Chd/2017 - - - Dated:- 7-7-2018 - Shri Sanjay Garg, Judicial Member And Ms. Annapurna Gupta, Accountant Member For the Appellant : S/Shri Nikhil Goyal, CA Ashok Goyal, CA For the Respondent : Shri Manoj Kumar, Sr. DR ORDER PER ANNAPURNA G .....

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..... st the order passed u/s 148 r.w.s. 144 of the Act, notice of enhancement of income was issued to the assessee on account of disallowance of expenditure incurred relating to levy of penalty by the Customs Authorities and the enhancement thereafter was made by the CIT(Appeals) after giving due opportunity of hearing. Thereafter satisfaction for initiating penalty proceedings was recorded by the Ld. .....

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