Pr. Commissioner Of Income Tax, Central-2 v. Parag M Sanghvi

39.itxa 1262-16.doc DDR

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1262 OF 2016 Pr. Commissioner of Income Tax, Central -2 ..Appellant Vs.

Parag M. Sanghvi ..Respondent ............

Mr. Ashok Kotangle a/w. Ms. Padma Divakar for appellant. ............

CORAM : AKIL KURESHI & M.S. KARNIK, JJ.

DATE : 4th JANUARY, 2019 P.C. :

In this Appeal the Department has challenged the judgment of the Income Tax Appellate Tribunal dated 30/9/2015 deleting the penalty against the respondent - assessee under Section 271(1)(c) of the Income Tax Act, 1961 ('the Act' for short).

2.

Today by separate order passed in Income Tax Appeal No. 1261 of 2016 we have confirmed the Tribunal's 1/2

39.itxa 1262-16.doc judgment on quantum additions. In that view of the matter, the question of penalty does not survive.

3.

In the result, Income Tax Appeal is dismissed. (M.S. KARNIK, J.) (AKIL KURESHI, J.) 2/2