2018 (7) TMI 1884

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..... of the Tribunal and the order of the lower authorities, we find that the additions for which penalty under section 271(1)(C) was levied has already been deleted by the Tribunal. Therefore, the penalty under section 271(1)(C) is not sustainable in the eyes of law. Accordingly, we set aside the order of the CIT(A) and delete the penalty. - decided in favour of assessee - ITA No.1316/Bang/2016 - - - .....

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..... y the Revenue. 3. Having carefully examined the order of the Tribunal and the order of the lower authorities, we find that the additions for which penalty under section 271(1)(C) was levied has already been deleted by the Tribunal wide its order dated 23.03.2017. Therefore, the penalty under section 271(1)(C) is not sustainable in the eyes of law. Accordingly, we set aside the order of the CIT( .....

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