2020 (2) TMI 465

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..... der had dismissed the appeal filed by the revenue upholding the order passed by the Tribunal. Tribunal had deleted the addition made by the Assessing Officer. It may also be stated that penalty was imposed following addition made by the Assessing Officer. Imposition of penalty by the Assessing Officer was interfered in appeal against which the present appeal arises. Quantum appeal by the revenue h .....

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..... question of law:- Whether on the facts and in the circumstances of the case and in law, the Tribunal is right in deleting penalty of ₹ 1,14,42,717.00 levied u/S. 271(1)(c) of the Act on account of bogus professional fees paid to Shri. S.K. Gupta? 4. From the above, it is evident that the issue involved in the present appeal is deletion by the Tribunal of the penalty imposed on the responden .....

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