Penalty order should be consider in the light of the quantum appeal already decided by the ld CIT

Last updated: 01 March 2012

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
The Revenue has raised the following grounds in its appeal. The Ld. Commissioner of Income-tax (Appeals)-XV, Ahmedabad has erred in law and on facts in deleting the penalty of Rs.1,27,80,657/- levied u/s.271(1)(c) of the Act. On the facts and in the circumstances of the case, the Ld. Commissioner of Income-tax (Appeals)-XV, Ahmedabad ought to have upheld the order of the Assessing Officer. It is therefore, prayed that the order of the Ld. Commissioner of Income-tax (Appeals)-XV, Ahmedabad may be set-aside and that of the Assessing Officer be restored.

Citation :
I.T.O., Ward-9(4), Ahmedabad (PAN: AAEFK 6542K)(Appellant)Vs M/s.Kataria Logistics, A’bad (Respondent)

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CS Bijoy

Published in Income Tax
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Penalty order should be consider in the light of the quantum appeal already decided by the ld CIT

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