2011 (10) TMI 745

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..... n the present Tax Appeal, revenue has challenged the order of the Income Tax Appellate Tribunal, Rajkot Bench, Rajkot ["Tribunal" for short] dated 26th August 2010, proposing following substantial questions of law for the determination of this Court :­ [A] "Whether in the circumstances and the facts of the case and in law, the Appellate Tribunal has erred in deleting the penalty of ₹ 8 .....

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..... e Tribunal also was of the opinion that only if there is a wrong claim, or excess claim for deduction is made which is not found sustainable by the authority, that cannot furnish the sole reason for imposing penalty. Here also, the Tribunal has relied on the decision of the Apex Court in case of Commissioner of Income Tax v. Reliance Petroproducts Private Limited, reported in [(2010) 322 ITR 158 ( .....

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